EX-12.1 4 a2201567zex-12_1.htm EX-12.1

Exhibit 12.1

 

TYCO ELECTRONICS LTD.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

The following table sets forth information regarding our ratio of earnings to fixed charges for the periods shown:

 

 

 

Fiscal

 

 

 

2010

 

2009

 

2008

 

2007

 

2006

 

 

 

($ in millions)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes

 

$

1,558

 

$

(3,670

)

$

1,991

 

$

257

 

$

1,471

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

187

 

200

 

232

 

293

 

320

 

Amortization of capitalized interest

 

—

 

4

 

—

 

—

 

—

 

Income (loss) of equity investees, net of distributed income

 

8

 

7

 

—

 

(4

)

(2

)

Less:

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

—

 

(1

)

(2

)

(1

)

—

 

 

 

$

1,753

 

$

(3,460

)

$

2,221

 

$

545

 

$

1,789

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

$

155

 

$

165

 

$

191

 

$

232

 

$

257

 

Amortized premiums, discounts, and capitalized expenses related to indebtedness

 

2

 

3

 

2

 

2

 

2

 

Estimate of interest in rent expense

 

30

 

32

 

39

 

59

 

61

 

 

 

$

187

 

$

200

 

$

232

 

$

293

 

$

320

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

9.37

 

—

(1)

9.57

 

1.86

 

5.59

 

 

(1)                                  For the fiscal year ended 2009, fixed charges exceeded earnings by $3,660 million.