EX-12.1 7 a2166837zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Sanmina-SCI Corporation
Statement of Computation of Ratio of Earnings to Fixed Charges

 
  Fiscal Year
 
 
  2005
  2004
  2003
  2002
  2001
 
 
  (In thousands, except ratios)

 
Fixed Charges:                                
  Rent Expense   $ 42,300   $ 49,151   $ 54,067   $ 49,800   $ 27,600  
  Interest factor     6.90     7.36     6.90     5.11     2.18  
   
 
 
 
 
 
  Interest component of rental expense     6,134     6,678     7,836     9,756     12,646  
 
Interest, debt expense & amortization of debt expense

 

 

142,319

 

 

115,304

 

 

128,501

 

 

97,833

 

 

55,218

 
   
 
 
 
 
 
    Total fixed charges     148,453     121,982     136,337     107,586     67,891  
   
 
 
 
 
 

Earnings for fixed charges calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
  Pre-tax income (loss)     (593,863 )   (15,581 )   (198,207 )   (2,814,892 )   82,792  
  Equity method investee's losses         15,526     6,351     4,512      
   
 
 
 
 
 
      (593,863 )   (55 )   (191,856 )   (2,810,380 )   82,792  
Fixed charges     148,453     121,982     136,337     107,586     67,891  
   
 
 
 
 
 
    Earnings for calculation purposes   $ (445,411 ) $ 121,927   $ (55,519 ) $ (2,702,795 ) $ 150,683  
   
 
 
 
 
 

Ratio of earnings to fixed charges (1)

 

 


 

 

1.0

x

 


 

 


 

 

2.2

x

(1)
Earnings for fiscal 2005, fiscal 2003 and fiscal 2002 were insufficient to cover fixed charges by approximately $593.9 million for fiscal 2005, approximately $191.9 million for fiscal 2003 and 2.8 billion for fiscal 2002. The loss before income taxes for fiscal 2005 included a goodwill impairment loss of $600 million, the loss before income taxes for fiscal 2003 included an impairment of long-lived assets loss of $95.6 million and the loss before income taxes for fiscal 2002 included a goodwill impairment loss of $2.8 billion.



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Sanmina-SCI Corporation Statement of Computation of Ratio of Earnings to Fixed Charges