EX-12.1 89 f88326exv12w1.txt EXHIBIT 12.1 . . . EXHIBIT 12.1 SANMINA-SCI Statement of Computation of Ratio of Earnings to Fixed Charges
Quarter Ended Fiscal Year December 28, -------------------------- 2002 2002 2001 ------------- ------------ --------- (In thousands, except ratios) Fixed Charges: Interest costs and amortization of debt discount and debt issuance costs $ 21,477 $ 97,833 $ 55,218 Interest included in rental expense 2,369 9,756 12,646 ------------------------------------------- Total fixed charges $ 23,846 $ 107,589 $ 67,864 =========================================== Earnings: Income (loss) before provision for income taxes (1) $ (11,207) $ (2,814,892) $ 82,792 Loss from investment in 50% or less owned companies 1,643 4,512 - Fixed charges 23,846 107,589 67,864 ------------------------------------------- Total earnings for computation of ratio $ 14,282 $ (2,702,791) $ 150,656 =========================================== Ratio of earnings to fixed charges (2) 0.6X - 2.2X
Fiscal Year ---------------------------------- 2000 1999 1998 --------- --------- --------- (In thousands, except ratios) Fixed Charges: Interest costs and amortization of debt discount and debt issuance costs $ 46,796 $ 43,064 $ 33,370 Interest included in rental expense 14,471 10,909 8,967 ---------------------------------- Total fixed charges $ 61,267 $ 53,973 $ 42,337 ================================== Earnings: Income (loss) before provision for income taxes (1) $ 349,971 $ 169,367 $ 96,148 Loss from investment in 50% or less owned companies - - - Fixed charges 61,267 53,973 42,337 ---------------------------------- Total earnings for computation of ratio $ 411,238 $ 223,340 $ 138,485 ================================== Ratio of earnings to fixed charges (2) 6.7X 4.1X 3.3X
------------------ (1) Fiscal 2002 loss before provision for income taxes included goodwill impairment losses of approximately $2.7 billion. (2) Earnings for the quarter ended December 28, 2002 and fiscal year 2002 were not sufficient to cover fixed charges. The coverage deficiency was approximately $9.6 million for the quarter ended December 28, 2002 and approximately $2.8 billion for fiscal 2002.