EX-12.1 5 f32244orexv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1
Cadence Design Systems, Inc
Ratio of earnings to fixed charges
$ in thousands
                                                 
    Six months ended     (FY 2006)     (FY 2005)     (FY 2004)     (FY 2003)     (FY 2002)  
    June 30, 2007     December 30, 2006     December 31, 2005     January 1, 2005     January 3, 2004     December 28, 2002  
     
Earnings
                                               
Income (loss) before income taxes
  $ 147,794     $ 241,878     $ 128,483     $ 86,437     $ (30,565 )   $ 144,020  
 
                                               
Earnings (losses) in equity interests
    (1,720 )     (1,200 )     (6,489 )     (16,900 )     (10,875 )     (9,395 )
Fixed charges
    12,293       22,517       15,107       14,731       12,783       10,570  
     
Net ‘Earnings’ as defined
  $ 161,807     $ 265,595     $ 150,079     $ 118,068     $ (6,907 )   $ 163,985  
     
 
                                               
Fixed charges
                                               
Total operating lease expenses
  $ 17,307     $ 30,506     $ 28,982     $ 25,600     $ 23,343     $ 23,300  
 
                                               
Interest component of operating lease expense (deemed to be 1/3 of op. lease expense)
    5,769       10,169       9,661       8,533       7,781       7,767  
Interest expense
    6,524       12,348       5,446       6,198       5,002       2,803  
     
Total Fixed charges
  $ 12,293     $ 22,517     $ 15,107     $ 14,731     $ 12,783     $ 10,570  
     
 
                                               
Earnings to fixed charges ratio
    13.2       11.8       9.9       8.0             15.5  
 
                                               
Earnings excess (deficiency)
  $ 149,514     $ 243,078     $ 134,972     $ 103,337     $ (19,690 )   $ 153,415