Mattel 2014 Annual Report Download - page 127

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EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Year
(Unaudited; in thousands, except ratios) 2014 2013 2012 2011 2010
Earnings Available for Fixed Charges:
Income from continuing operations before
income taxes ....................... $ 586,910 $1,099,128 $ 945,045 $ 970,673 $ 846,825
Add:
Interest expense ................... 79,271 78,505 88,835 75,332 64,839
Appropriate portion of rents (a) ...... 40,291 37,006 33,736 30,696 34,544
Earnings available for fixed charges . . . $ 706,472 $1,214,639 $1,067,616 $1,076,701 $ 946,208
Fixed Charges:
Interest expense ....................... $ 79,271 $ 78,505 $ 88,835 $ 75,332 $ 64,839
Appropriate portion of rents (a) .......... 40,291 37,006 33,736 30,696 34,544
Fixed charges ..................... $ 119,562 $ 115,511 $ 122,571 $ 106,028 $ 99,383
Ratio of earnings to fixed
charges .................... 5.91X 10.52X 8.71X 10.15X 9.52X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is approximately one-
third of total rental expense.