Mattel 2012 Annual Report Download - page 122

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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) 2012 2011 2010 2009 2008
Earnings Available for Fixed Charges:
Income from continuing operations before income
taxes .................................. $ 945,045 $ 970,673 $846,825 $660,047 $487,964
Add: Non-controlling interest losses in
consolidated subsidiaries .................. — — — 222 262
Add:
Interest expense ....................... 88,835 75,332 64,839 71,843 81,944
Appropriate portion of rents (a) ........... 33,736 30,696 34,544 34,439 29,833
Earnings available for fixed charges ....... $1,067,616 $1,076,701 $946,208 $766,551 $600,003
Fixed Charges:
Interest expense ........................... $ 88,835 $ 75,332 $ 64,839 $ 71,843 $ 81,944
Appropriate portion of rents (a) ............... 33,736 30,696 34,544 34,439 29,833
Fixed charges ......................... $ 122,571 $ 106,028 $ 99,383 $106,282 $111,777
Ratio of earnings to fixed charges ..... 8.71X 10.15X 9.52X 7.21X 5.37X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is approximately one-
third of total rental expense.