EXHIBIT 12
HASBRO, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ended in December
(Thousands of Dollars)
Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ended in December
(Thousands of Dollars)
Six Months | ||||||||||||||||||||||||
Ended July 1, | Years Ended in December | |||||||||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||||||
Net earnings (loss) | $ | 37,691 | 230,055 | 212,075 | 195,977 | 157,664 | (170,674 | ) | ||||||||||||||||
Add: | ||||||||||||||||||||||||
Cumulative effect of accounting change | — | — | — | — | 17,351 | 245,732 | ||||||||||||||||||
Fixed charges | 18,572 | 39,055 | 42,394 | 43,890 | 68,467 | 99,209 | ||||||||||||||||||
Income taxes | 33,870 | 111,419 | 98,838 | 64,111 | 69,049 | 29,030 | ||||||||||||||||||
Total | $ | 90,133 | 380,529 | 353,307 | 303,978 | 312,531 | 203,297 | |||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 12,845 | 27,521 | 30,537 | 31,698 | 52,462 | 79,342 | |||||||||||||||||
Rental expense representative of interest factor | 5,727 | 11,534 | 11,857 | 12,192 | 16,005 | 19,867 | ||||||||||||||||||
Total | $ | 18,572 | 39,055 | 42,394 | 43,890 | 68,467 | 99,209 | |||||||||||||||||
Ratio of earnings to fixed charges | 4.85x | 9.74x | 8.33x | 6.93x | 4.56x | 2.05x | ||||||||||||||||||