EX-12.1 2 f70728ex12-1.txt EXHIBIT 12.1 1 EXHIBIT 12.1 KOMAG, INCORPORATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands except ratio amounts)
FISCAL YEAR --------------------------------------------------------------------------------- 1996 1997 1998 1999 2000 --------------- -------------- ------------- -------------- ------------- Income (loss) before income taxes, minority interest, equity in joint venture income (loss), and extraordinary gain........... $ 121,148 $ (37,820) $ (337,474) $ (307,667) $ (79,566) Fixed charges (1)............................ 3,528 13,944 23,156 27,282 47,051 --------------- -------------- ------------- -------------- ------------- Total earnings and fixed charges............. 124,676 (23,876) (314,318) (280,385) (32,515) =============== ============== ============= ============== ============= Fixed charges (1)............................ 3,528 13,944 23,156 27,282 47,051 --------------- -------------- ------------- -------------- ------------- Ratio of earnings to fixed charges (2)....... 35.3 N/A N/A N/A N/A
--------------- (1) Fixed charges consist of interest expense incurred and the portion of rental expense under operating leases deemed by the Company to be representative of the interest factor. (2) Earnings were inadequate to cover fixed charges for fiscal 1997, 1998, 1999 and 2000 by approximately $37.8 million, $337.5 million, $307.7 million and $79.6 million, respectively.