EX-12.1 5 exhibit12-1.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

COMPUTER SCIENCES CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
(unaudited)

Three Months
Ended Twelve Months Ended
(Amounts in thousands, except ratios)     June 29, 2012     March 30, 2012     April 1, 2011     April 2, 2010     April 3, 2009     March 28, 2008
Earnings:
       Pre-tax income (loss) from continuing operations
       before adjustment for income or loss from equity investees $           71,484 $           (4,356,010 ) $       957,218 $       1,007,688 $       912,190 $           878,361
       Fixed charges 73,581 285,411 278,368 311,223 364,812 292,334
       Distributed income from equity investees 2,791 6,963 11,878 14,039 12,066 11,319
       Less: Preference security dividend requirements
       of consolidated subsidiaries (122 ) (478 ) (474 ) (509 ) (897 ) (1,279 )
              Earnings as adjusted $ 147,734 $ (4,064,114 ) $ 1,246,990 $ 1,332,441 $ 1,288,171 $ 1,180,735
 
Fixed charges:
       Interest expense (a) $ 44,973 $ 175,744 $ 168,035 $ 212,556 $ 260,479 $ 185,334
       Portion of rental expense representative of the
       interest factor (b) 28,608 109,667 110,333 98,667 104,333 107,000
              Fixed charges $ 73,581 $ 285,411 $ 278,368 $ 311,223 $ 364,812 $ 292,334
 
Combined fixed charges and preference dividends:
       Interest expense (a) $ 44,973 $ 175,744 $ 168,035 $ 212,556 $ 260,479 $ 185,334
       Portion of rental expense representative of the
       interest factor (b) 28,608 109,667 110,333 98,667 104,333 107,000
       Preference security dividend requirements of
       consolidated subsidiaries 122 478 474 509 897 1,279
              Combined fixed charges and preference dividends $ 73,703 $ 285,889 $ 278,842 $ 311,732 $ 365,709 $ 293,613
 
Ratios:
       Ratio of earnings to fixed charges 2.0   -  (c) 4.5   4.3   3.5   4.0  
       Ratio of earnings to combined fixed charges and
       preference dividends 2.0   -  (d) 4.5   4.3   3.5   4.0  
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(a)        Interest expense includes amortization of debt discount and deferred loan costs.
(b)        One-third of the rent expense is the portion of rental expense deemed representative of the interest factor.
(c)        Earnings were insufficient to cover fixed charges during fiscal 2012 by $4,349,525.
(d)        Earnings were insufficient to cover combined fixed charges and preference dividends during fiscal 2012 by $4,350,003.