Mattel 2008 Annual Report Download - page 123

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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) 2008 2007 2006 2005 2004
Earnings Available for Fixed Charges:
Income from continuing operations before income
taxes and cumulative effect of changes in
accounting principles ...................... $487,964 $703,398 $683,756 $652,049 $696,254
Add: Minority interest losses (income) in
consolidated subsidiaries ................... 262 255 271 142 (93)
Add:
Interest expense ........................ 81,944 70,974 79,853 76,490 77,764
Appropriate portion of rents (a) ............ 29,833 28,245 25,724 20,475 18,831
Earnings available for fixed charges ........ $600,003 $802,872 $789,604 $749,156 $792,756
Fixed Charges:
Interest expense ............................ $ 81,944 $ 70,974 $ 79,853 $ 76,490 $ 77,764
Appropriate portion of rents (a) ................ 29,833 28,245 25,724 20,475 18,831
Fixed charges .......................... $111,777 $ 99,219 $105,577 $ 96,965 $ 96,595
Ratio of earnings to fixed charges ...... 5.37X 8.09X 7.48X 7.73X 8.21X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total
rental expense.