EX-12.1 2 f14247exv12w1.htm EXHIBIT 12.1 exv12w1
 

EXHIBIT 12.1
CONSOLIDATED FIXED CHARGE COMPUTATION FOR SOLECTRON CORPORATION ($ in Million):
                         
    Year Ended August 31  
    2005     2004     2003  
Earnings (losses):
                        
Net income (loss)
   $ 3.4     $ (177.4 )   $ (3,452.6 )
Discontinued operations (income) loss, net of tax
     (13.9 )     (85.0 )     443.7  
Income tax (benefit) expense
     15.7       (3.3 )     525.5  
 
                  
Income (loss) from continuing operations before income tax (benefit) expense
   $ 5.2     $ (265.7 )   $ (2,483.4 )
Add back: fixed charges
     78.7       172.1       236.2  
 
                  
Earnings from continuing operations before fixed charges
     83.9       (93.6 )     (2,247.2 )
 
                  
Fixed Charges:
                        
Interest portion of rent expenses
   $ 22.2     $ 26.8     $ 29.1  
Interest expense
     56.5       145.3       207.1  
 
                  
 
   $ 78.7     $ 172.1     $ 236.2  
 
                  
 
                        
Ratio of earnings from continuing operations to fixed charges
     1.1       —       —  
 
                  
Deficiency of earnings to fixed charges
   $ —     $ (265.7 )   $ (2,483.4 )