EX-12.1 5 dex121.htm STATEMENT OF COMPUTATION OF RATION OF EARNINGS TO FIXED Statement of Computation of Ration of Earnings to Fixed

EXHIBIT 12.1

TECH DATA CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

    

Nine Months Ended October 31,

   Fiscal Year Ended January 31,
     Proforma 2006     2006     2005    Proforma 2006    2006    2005    2004    2003     2002
    

$ in thousands

Fixed Charges

                       

Interest Expense

   $ 22,209     $ 27,226     $ 20,973    $ 24,122    $ 31,422    $ 28,473    $ 23,217    $ 35,433     $ 66,733

Interest Within Rental Expense

     12,823       12,823       12,943      17,111      17,111      17,005      16,205      14,766       16,019
                                                                 

Total Fixed Charges

   $ 35,032     $ 40,049     $ 33,916    $ 41,233    $ 48,533    $ 45,478    $ 39,422    $ 50,199     $ 82,752
                                                                 

Earnings (Loss)

                       

Income (Loss) Before Taxes and Discontinued Operations, As Reported

   $ 91,967     $ (96,984 )   $ 87,234    $ 138,670    $ 131,980    $ 211,647    $ 154,228    $ (132,690 )   $ 167,840

Plus Fixed Charges

     35,032       40,049       33,916      41,233      48,533      45,478      39,422      50,199       82,752
                                                                 
   $ 56,935     $ (56,935 )   $ 121,150    $ 179,903    $ 180,513    $ 257,125    $ 193,650    $ (82,491 )   $ 250,592
                                                                 

Ratio of Earnings to Fixed Charges

     —   (1)     —   (2)     3.57      4.36      3.72      5.65      4.91      —   (3)     3.03
                                                                 

(1) For the nine months ended October 31, 2006, proforma earnings would have been insufficient to cover fixed charges by $92.0 million.
(2) For the nine months ended October 31, 2006, earnings were insufficient to cover fixed charges by $97.0 million.
(3) For the fiscal year ended January 31, 2003, earnings were insufficient to cover fixed charges by $132.7 million.

 

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