EX-12.1 2 f97604a1exv12w1.txt EXHIBIT 12.1 . . . EXHIBIT 12.1 CONSOLIDATED FIXED CHARGE COMPUTATION FOR SOLECTRON CORPORATION ($MILLIONS)
Year Ended August 31 ------------------------------------------------------------ 1999 2000 2001 2002 2003 -------- -------- -------- ---------- ---------- Losses: Net Income (loss) $ 350.3 $ 497.2 $ (123.5) $ (3,110.2) $ (3,462.0) Discontinued operations, net of tax (1.3) (44.0) 33.4 39.4 442.2 Income tax expense (benefit) 161.1 223.5 (35.9) (449.0) 532.1 -------- -------- -------- ---------- ---------- Income (loss) from continuing operations before income tax expense (benefit) $ 510.1 $ 676.7 $ (126.0) $ (3,519.8) $ (2,487.7) Add back: fixed charges 63.3 99.3 199.4 272.4 236.2 -------- -------- -------- ---------- ---------- Earnings before fixed charges 573.4 776.0 73.4 (3,247.4) (2,251.5) ======== ======== ======== ========== ========== Fixed Charges: Interest portion of rental expense $ 25.0 $ 27.7 $ 24.6 $ 33.6 $ 29.1 Interest expense 38.3 71.6 174.8 238.8 207.1 -------- -------- -------- ---------- ---------- $ 63.3 $ 99.3 $ 199.4 $ 272.4 $ 236.2 ======== ======== ======== ========== ========== Ratio of earnings to fixed charges 9.1 7.8 0.4 -- -- -------- -------- -------- ---------- ---------- Deficiency of earnings to fixed charges -- -- (126.0) (3,519.8) (2,487.7) ======== ======== ======== ========== ==========
Nine Months Ended May 31 ----------------------- 2003 2004 ---------- --------- Losses: Net loss $ (3,282.9) $ (166.5) Discontinued operations, net of tax 425.8 (40.8) Income tax expense 531.0 3.3 ---------- -------- Loss from continuing operations before income tax expense $ (2,326.1) $ (204.0) ---------- -------- Add back: fixed charges 173.0 141.0 ---------- -------- Earnings before fixed charges (2,153.1) (63.0) ========== ======== Fixed Charges: Interest portion of rental expense $ 12.6 $ 10.9 Interest expense 160.4 130.1 ---------- -------- $ 173.0 $ 141.0 ========== ======== Ratio of earnings to fixed charges -- -- ---------- -------- Deficiency of earnings to fixed charges (2,326.1) (204.0) ========== ========