EX-12.1 4 f94300a1exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1

Cadence Design Systems, Inc
Ratio of earnings to fixed charges
$ in thousands

                                                 
            Restated                
    Year ended   (FY 2002)   (FY 2001)   (FY 2000)   (FY 1999)
    January 3, 2004
  December 28, 2002
  December 29, 2001
  December 30, 2000
  January 2, 2000
Earnings
                                       
Income (loss) before income taxes
  $ (30,565 )   $ 144,020     $ 242,148     $ 67,996     $ (11,380 )
Minority interest
                1,900       600       100  
Earnings (losses) in equity interests
    (10,251 )     (8,108 )     200       1,100       100
Fixed charges
    12,783       10,570       11,165       9,798       11,633  
 
   
 
     
 
     
 
     
 
     
 
 
Net ‘Earnings’ as defined
  $ (7,531 )   $ 162,698     $ 251,213     $ 76,094     $ 53  
 
   
 
     
 
     
 
     
 
     
 
 
Fixed Charges
                                       
Total operating lease expenses
  $ 23,343     $ 23,300     $ 25,600     $ 22,200     $ 25,000  
Interest component of operating lease expense (deemed to be 1/3 of op. lease expense)
    7,781       7,767       8,533       7,400       8,333  
Interest expense
    5,002       2,803       2,632       2,398       3,300  
 
   
 
     
 
     
 
     
 
     
 
   
Total Fixed charges
  $ 12,783     $ 10,570     $ 11,165     $ 9,798     $ 11,633  
 
   
 
     
 
     
 
     
 
     
 
   
Earnings to fixed charges ratio
    (0.6 )     15.4       22.5       7.8       0.0    
Earnings excess (deficiency)
  $ (20,314 )   $ 152,128     $ 240,048     $ 66,296     $ (11,580 )