Mattel 2015 Annual Report Download - page 109

Download and view the complete annual report

Please find page 109 of the 2015 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 115

  • 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

EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Year
(Unaudited; in thousands, except ratios) 2015 2014 2013 2012 2011
Earnings Available for Fixed Charges:
Income from continuing operations before
income taxes $ 463,915 $ 586,910 $1,099,128 $ 945,045 $ 970,673
Add:
Interest expense 85,270 79,271 78,505 88,835 75,332
Appropriate portion of rents (a) 38,297 40,291 37,006 33,736 30,696
Earnings available for fixed charges $ 587,482 $ 706,472 $1,214,639 $1,067,616 $1,076,701
Fixed Charges:
Interest expense $ 85,270 $ 79,271 $ 78,505 $ 88,835 $ 75,332
Appropriate portion of rents (a) 38,297 40,291 37,006 33,736 30,696
Fixed charges $ 123,567 $ 119,562 $ 115,511 $ 122,571 $ 106,028
Ratio of earnings to fixed charges 4.75 X 5.91 X 10.52 X 8.71 X 10.15 X
(a) Portion of rental expenses which is deemed representative of an interest factor, which is approximately one-third of total
rental expense.