EX-99.1 6 f99558exv99w1.txt EXHIBIT 99.1 Exhibit 99.1 EARNINGS TO FIXED CHARGES The ratio of earnings to fixed charges for the six months ended April 27, 2003 and May 2, 2004, and for each of the last five fiscal years, was as follows:
Six Months Ended -------------------- Fiscal Year April 27, May 2, -------------------------------------------------------------------------- 1999 2000 2001 2002 2003 2003 2004 ---- ---- ---- ---- ---- ---- ----- 14.03x 32.82x 11.80x 4.58x (a) (b) 17.71x ====== ====== ====== ===== === === ======
(a) Due to Applied's loss in fiscal 2003, the ratio of coverage was less than 1:1. Applied would have needed to generate additional earnings of $209 million to achieve the coverage ratio of 1:1. (b) Due to Applied's loss for the six months ended April 27, 2003, the ratio of coverage was less than 1:1. Applied would have needed to generate additional earnings of $180 million to achieve the coverage ratio of 1:1.