EXHIBIT 12
(PAGE 1 OF 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS)
(UNAUDITED)
FOR THE YEARS ENDED DECEMBER 31, (a)
----------------------------------------------------
1996 1995 1994 1993 1992
-------- -------- -------- -------- --------
EARNINGS AVAILABLE FOR FIXED CHARGES:
Income before income taxes, cumulative effect of $545,741 $532,902 $393,632 $236,646 $282,945
changes in accounting principles and extraordinary item
Less (plus) minority interest and
undistributed income (loss)
of less-than-majority-owned
affiliates, net 317 197 215 124 (23)
Add:
Interest expense 75,529 73,589 55,449 62,614 68,716
Appropriate portion of rents (b) 15,213 14,276 11,242 11,276 11,898
-------- -------- -------- -------- --------
Earnings available for fixed charges $636,800 $620,964 $460,538 $310,660 $363,536
======== ======== ======== ======== ========
FIXED CHARGES:
Interest expense $ 75,529 $ 73,589 $ 55,449 $ 62,614 $ 68,716
Capitalized interest 1,789 693 285 -- --
Appropriate portion of rents (b) 15,213 14,276 11,242 11,276 11,898
-------- -------- -------- -------- --------
Fixed charges $ 92,531 $ 88,558 $ 66,976 $ 73,890 $ 80,614
======== ======== ======== ======== ========
Ratio of earnings to fixed charges
6.88X 7.01X 6.88X 4.20X 4.51X
======== ======== ======== ======== ========
(a) Consolidated financial information for 1993 and 1992 has been restated for
the effects of the November 1993 merger of Fisher-Price, Inc. into a
wholly-owned subsidiary of the Company, accounted for as a pooling of
interests.
(b) Portion of rental expenses which is deemed representative of an interest
factor, not to exceed one-third of total expense.
EXHIBIT 12
(Page 2 of 2)
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS)
(UNAUDITED)
FOR THE YEARS ENDED DECEMBER 31, (a)
--------------------------------------------------------
1996 1995 1994 1993 1992
-------- -------- -------- -------- --------
EARNINGS AVAILABLE FOR FIXED CHARGES:
Income before income taxes, cumulative effect of
changes in accounting principles and extraordinary item $545,741 $532,902 $393,632 $236,646 $282,945
Less (plus) minority interest and undistributed income
(loss) of less-than-majority-owned affiliates, net 317 197 215 124 (23)
Add:
Interest expense 75,529 73,589 55,449 62,614 68,716
Appropriate portion of rents (b) 15,213 14,276 11,242 11,276 11,898
-------- -------- -------- -------- --------
Earnings available for fixed charges $636,800 $620,964 $460,538 $310,660 $363,536
======== ======== ======== ======== ========
FIXED CHARGES:
Interest expense $ 75,529 $ 73,589 $55,449 $62,614 $68,716
Capitalized interest 1,789 693 285 - -
Dividends - Series F preference stock - 3,342 4,689 4,894 4,826
Appropriate portion of rents (b) 15,213 14,276 11,242 11,276 11,898
-------- -------- -------- -------- --------
Fixed charges $ 92,531 $ 91,900 $ 71,665 $ 78,784 $ 85,440
======== ======== ======== ======== ========
Ratio of earnings to fixed charges 6.88X 6.76X 6.43X 3.94X 4.25X
======== ======== ======== ======== ========
(a) Consolidated financial information for 1993 and 1992 has been restated for
the effects of the November 1993 merger of Fisher-Price, Inc. into a wholly-
owned subsidiary of the Company, accounted for as a pooling of interests.
(b) Portion of rental expenses which is deemed representative of an interest
factor, not to exceed one-third of total rental expense.