Mattel 2011 Annual Report Download - page 125

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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) 2011 2010 2009 2008 2007
Earnings Available for Fixed Charges:
Income from continuing operations before
income taxes and cumulative effect of changes
in accounting principles .................. $ 970,673 $846,825 $660,047 $487,964 $703,398
Add: Non-controlling interest losses in
consolidated subsidiaries .................. — — 222 262 255
Add:
Interest expense ....................... 75,332 64,839 71,843 81,944 70,974
Appropriate portion of rents (a) .......... 30,696 34,544 34,439 29,833 28,245
Earnings available for fixed charges ....... $1,076,701 $946,208 $766,551 $600,003 $802,872
Fixed Charges:
Interest expense ........................... $ 75,332 $ 64,839 $ 71,843 $ 81,944 $ 70,974
Appropriate portion of rents (a) .............. 30,696 34,544 34,439 29,833 28,245
Fixed charges ......................... $ 106,028 $ 99,383 $106,282 $111,777 $ 99,219
Ratio of earnings to fixed charges ..... 10.15X 9.52X 7.21X 5.37X 8.09X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total
rental expense.