EX-12.1 2 f94300a2exv12w1.txt EXHIBIT 12.1 . . . Exhibit 12.1 CADENCE DESIGN SYSTEMS, INC RATIO OF EARNINGS TO FIXED CHARGES $ IN THOUSANDS
RESTATED January 3, December 28, December 29, December 30, January 2, 2004 2002 2001 2000 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 (10,875) (9,395) (1,244) 1,100 100 Fixed charges 12,783 10,570 11,165 9,798 11,633 --------- --------- --------- -------- --------- NET 'EARNINGS' AS DEFINED $ (6,907) $ 163,985 $ 252,657 $ 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 (0.5) 15.5 22.6 7.8 0.0 EARNINGS EXCESS (DEFICIENCY) $ (19,690) $ 153,415 $ 241,492 $ 66,296 $ (11,580)