EX-12.1 4 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

 

BEA Systems, Inc.

Ratio of Earnings to Fixed Charges

(in thousands)

 

    

Fiscal Years Ended January 31,


 
     2006

   2005

   2004

   2003 (2)

   2002 (2)

 

Income (loss) before income taxes

   $ 142,743    $ 131,056    $ 169,534    $ 119,823    $ (4,268 )

Add fixed charges

     46,996      42,380      46,493      54,572      50,212  
    

  

  

  

  


Earnings (as defined)

   $ 189,739    $ 173,436    $ 216,027    $ 174,395    $ 45,944  
    

  

  

  

  


Fixed charges:

                                    

Interest expense (1)

   $ 32,073    $ 28,867    $ 30,195    $ 33,257    $ 30,232  

Portion of rent expense representative of interest

     12,153      10,660      12,730      17,134      17,820  

Amortization of debt premium and issuance costs

     2,769      2,853      3,568      4,181      2,160  
    

  

  

  

  


Total fixed charges

   $ 46,996    $ 42,380    $ 46,493    $ 54,572    $ 50,212  
    

  

  

  

  


Ratio of earnings to fixed charges

     4.04      4.09      4.65      3.20      *  
    

  

  

  

  


 

* Earnings (as defined) were insufficient to cover fixed charges by $4,268 for the fiscal year ended January 31, 2002.

 

(1) Excludes debt conversion premium of $236 and $8,054 in fiscal 2001 and 2000, respectively, which is included in amortization of debt premium and issuance costs.

 

(2) Revised to include land lease interest as interest expense rather than operating rent