Mattel 2010 Annual Report Download - page 127

Download and view the complete annual report

Please find page 127 of the 2010 Mattel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Year
(Unaudited; in thousands, except ratios) 2010 2009 2008 2007 2006
Earnings Available for Fixed Charges:
Income from continuing operations before income
taxes and cumulative effect of changes in
accounting principles ...................... $846,825 $660,047 $487,964 $703,398 $683,756
Add: Non-controlling interest losses in
consolidated subsidiaries ................... — 222 262 255 271
Add:
Interest expense ........................ 64,839 71,843 81,944 70,974 79,853
Appropriate portion of rents (a) ............ 34,544 34,439 29,833 28,245 25,724
Earnings available for fixed charges ........ $946,208 $766,551 $600,003 $802,872 $789,604
Fixed Charges:
Interest expense ............................ $ 64,839 $ 71,843 $ 81,944 $ 70,974 $ 79,853
Appropriate portion of rents (a) ................ 34,544 34,439 29,833 28,245 25,724
Fixed charges .......................... $ 99,383 $106,282 $111,777 $ 99,219 $105,577
Ratio of earnings to fixed charges ...... 9.52X 7.21X 5.37X 8.09X 7.48X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total
rental expense.