Mattel 2006 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) 2006 2005 2004 2003 2002
Earnings Available for Fixed Charges:
Income from continuing operations before income
taxes and cumulative effect of changes in accounting
principles .................................. $683,756 $652,049 $696,254 $740,854 $621,497
Add: Minority interest losses (income) in consolidated
subsidiaries ................................. 271 142 (93) 345 126
Add:
Interest expense ........................... 79,853 76,490 77,764 80,577 113,897
Appropriate portion of rents (a) ............... 25,724 20,475 18,831 16,627 16,615
Earnings available for fixed charges ........... $789,604 $749,156 $792,756 $838,403 $752,135
Fixed Charges:
Interest expense ............................... $ 79,853 $ 76,490 $ 77,764 $ 80,577 $113,897
Capitalized interest ............................. ————43
Appropriate portion of rents (a) ................... 25,724 20,475 18,831 16,627 16,615
Fixed charges ............................. $105,577 $ 96,965 $ 96,595 $ 97,204 $130,555
Ratio of earnings to fixed charges ......... 7.48X 7.73X 8.21X 8.63X 5.76X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total
rental expense.