EX-12.1 2 f07470a1exv12w1.htm EXHIBIT 12.1 exv12w1
 

EXHIBIT 12.1

CONSOLIDATED FIXED CHARGE COMPUTATION FOR SOLECTRON CORPORATION ($MILLIONS)

                         
    Year Ended August 31  
    2004     2003     2002  
Losses:   (as restated)     (as restated)     (as restated)  
Net loss
   $ (177.4 )   $ (3,452.6 )   $ (3,109.7 )
Discontinued operations (income) loss, net of tax
     (85.0 )     443.7       40.4  
Income tax (benefit) expense
     (3.3 )     525.5       (450.0 )
 
                  
Loss from continuing operations before income tax (benefit) expense
   $ (265.7 )   $ (2,483.4 )   $ (3,519.3 )
Add back: fixed charges
     172.1       236.2       271.2  
 
                  
Earnings before fixed charges
     (93.6 )     (2,247.2 )     (3,248.1 )
 
                  
Fixed Charges:
                        
Interest portion of rental expense
   $ 26.8     $ 29.1     $ 33.6  
Interest expense
     145.3       207.1       237.6  
 
                  
 
   $ 172.1     $ 236.2     $ 271.2  
 
                  
Ratio of earnings to fixed charges
                        
 
                  
Deficiency of earnings to fixed charges
   $ (265.7 )   $ (2,483.4 )   $ (3,519.3 )