Mattel 2013 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) 2013 2012 2011 2010 2009
Earnings Available for Fixed Charges:
Income from continuing operations before
income taxes .......................... $1,099,128 $ 945,045 $ 970,673 $846,825 $660,047
Add: Non-controlling interest losses in
consolidated subsidiaries .................————222
Add:
Interest expense ...................... 78,505 88,835 75,332 64,839 71,843
Appropriate portion of rents (a) ......... 37,006 33,736 30,696 34,544 34,439
Earnings available for fixed charges ...... $1,214,639 $1,067,616 $1,076,701 $946,208 $766,551
Fixed Charges:
Interest expense .......................... $ 78,505 $ 88,835 $ 75,332 $ 64,839 $ 71,843
Appropriate portion of rents (a) ............. 37,006 33,736 30,696 34,544 34,439
Fixed charges ........................ $ 115,511 $ 122,571 $ 106,028 $ 99,383 $106,282
Ratio of earnings to fixed charges .... 10.52X 8.71X 10.15X 9.52X 7.21X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is approximately one-
third of total rental expense.