1 Exhibit 12 REEBOK INTERNATIONAL LTD. (Amounts in Thousands) Exhibit 12 - Statement RE: Computation of Ratio of Earnings to Fixed Charges December December 1996 1995 -------- -------- Earnings Pretax Income $223,033 $264,551 Add: Interest on indebtedness 42,246 25,725 Amortization of debt discount issuance costs 394 818 Interest on Letters of Credit included in cost of goods sold Portions of rent representative of the interest factor 15,424 13,399 -------- -------- Income as adjusted $281,097 $304,493 ======== ======== Fixed Charges Interest on indebtedness $ 42,246 $ 25,725 Amortization of debt discount and issuance costs 394 818 Interest on Letters of Credit included in cost of goods sold Portions of rent representative of the interest factor 15,424 13,399 -------- -------- Fixed charges $ 58,064 $ 39,942 ======== ======== Ratio of earnings to fixed charges 4.84 7.62