EX-12.1 5 f78476orex12-1.txt EXHIBIT 12.1 REGISTRATION UNDER THE SECURITIES ACT OF 1933 RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 LSI LOGIC CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN MILLIONS OF DOLLARS)
Year ended December 31, Nine Months ended ----------------------------------------------------------- -------------------- 1996 1997 1998 1999 2000 2000 2001 -------- -------- -------- -------- -------- -------- -------- Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees $ 208.4 $ 228.0 $ (129.5) $ 224.2 $ 379.8 $ 278.4 $ (780.3) Add: Amortization of capitalized interest 1.0 2.0 1.4 2.8 2.7 2.1 2.1 Less: Interest capitalized (2.0) (5.0) (11.5) -- -- -- -- -------- -------- -------- -------- -------- -------- -------- Subtotal 207.4 225.0 (139.6) 227.0 382.5 280.5 (778.2) -------- -------- -------- -------- -------- -------- -------- Fixed charges: Interest expensed and capitalized and amortization of debt discounts and premiums on all indebtedness 16.8 7.9 21.0 40.0 41.6 31.4 29.8 Interest on rental expenses 16.6 15.6 15.4 13.0 7.8 4.7 15.7 -------- -------- -------- -------- -------- -------- -------- Total fixed charges 33.4 23.5 36.4 53.0 49.4 36.1 45.5 -------- -------- -------- -------- -------- -------- -------- Earnings $ 240.8 $ 248.5 $ (103.2) $ 280.0 $ 431.9 $ 316.6 $ (732.7) -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- Ratio of earnings to fixed charges 7.2 10.6 -- 5.3 8.7 8.8 -- ======== ======== ======== ======== ======== ======== ========