Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - MATTEL INC /DE/ | mat3311610-q.htm |
| EX-10.2 - EXHIBIT 10.2 - MATTEL INC /DE/ | mat33116ex102.htm |
| EX-31.1 - EXHIBIT 31.1 - MATTEL INC /DE/ | mat33116ex311.htm |
| EX-31.0 - EXHIBIT 31.0 - MATTEL INC /DE/ | mat33116ex310.htm |
| EX-32.0 - EXHIBIT 32.0 - MATTEL INC /DE/ | mat33116ex320.htm |
| EX-10.1 - EXHIBIT 10.1 - MATTEL INC /DE/ | mat33116ex101.htm |
EXHIBIT 12.0
MATTEL, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF (LOSS) EARNINGS TO FIXED CHARGES
(Unaudited; in thousands, except ratios) | For the Three Months Ended March 31, 2016 | For the Years Ended December 31, | |||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
(Loss) Earnings Available for Fixed Charges: | |||||||||||||||||||||||
(Loss) Income from continuing operations before income taxes | $ | (93,479 | ) | $ | 463,915 | $ | 586,910 | $ | 1,099,128 | $ | 945,045 | $ | 970,673 | ||||||||||
Add: | |||||||||||||||||||||||
Interest expense | 22,520 | 85,270 | 79,271 | 78,505 | 88,835 | 75,332 | |||||||||||||||||
Appropriate portion of rents (a) | 9,094 | 38,297 | 40,291 | 37,006 | 33,736 | 30,696 | |||||||||||||||||
(Loss) Earnings available for fixed charges | $ | (61,865 | ) | $ | 587,482 | $ | 706,472 | $ | 1,214,639 | $ | 1,067,616 | $ | 1,076,701 | ||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense | $ | 22,520 | $ | 85,270 | $ | 79,271 | $ | 78,505 | $ | 88,835 | $ | 75,332 | |||||||||||
Appropriate portion of rents (a) | 9,094 | 38,297 | 40,291 | 37,006 | 33,736 | 30,696 | |||||||||||||||||
Fixed charges | $ | 31,614 | $ | 123,567 | $ | 119,562 | $ | 115,511 | $ | 122,571 | $ | 106,028 | |||||||||||
Ratio of (loss) earnings to fixed charges | (b) | 4.75 X | 5.91 X | 10.52 X | 8.71 X | 10.15 X | |||||||||||||||||
(a) | Portion of rental expenses that is deemed representative of an interest factor, which is one-third of total rental expense. |
(b) | Earnings for the three months ended March 31, 2016 were inadequate to cover fixed charges by $93.5 million. |