Exhibit 12
HASBRO, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Thousands of Dollars)
Three Months Ended March 30, | Fiscal Year Ended December, | |||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||||||
Earnings before income taxes | $ | 25,995 | 351,822 | 453,402 | 486,393 | 507,720 | 529,697 | |||||||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 25,928 | 120,422 | 106,687 | 104,834 | 96,082 | 76,124 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Earnings (losses) from equity investees | 1,336 | (2,386 | ) | (6,015 | ) | (7,290 | ) | (9,323 | ) | 3,856 | ||||||||||||||
Total | $ | 50,587 | 474,630 | 566,104 | 598,517 | 613,125 | 601,965 | |||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 22,428 | 105,585 | 91,141 | 89,022 | 82,112 | 61,603 | |||||||||||||||||
Rental expense representative of interest factor | 3,500 | 14,837 | 15,546 | 15,812 | 13,970 | 14,521 | ||||||||||||||||||
Total | $ | 25,928 | 120,422 | 106,687 | 104,834 | 96,082 | 76,124 | |||||||||||||||||
Ratio of earnings to fixed charges | 1.95 | 3.94 | 5.31 | 5.71 | 6.38 | 7.91 |