EX-12.1 4 f20786a1exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1
Solectron Corporation
Statement of Computation of Ratios of Earnings to Fixed Charges
                                                         
    Nine Months Ended     Twelve Months Ended  
    May 31     August 31  
    2006     2005     2005     2004     2003     2002     2001  
    (in millions)  
Net income (loss)
  $ 96.4     $ (8.1 )   $ 3.4     $ (177.4 )   $ (3,452.6 )   $ (3,109.7 )   $ (123.9 )
Discontinued operations (income) loss, net of tax
    (16.7 )     (14.2 )     (13.9 )     (85.0 )     443.7       40.4       33.4  
Income tax expense (benefit)
    (0.8     11.1       15.7       (3.3 )     525.5       (450.0 )     (35.9 )
 
                                         
Income (Loss) from continuing operations before income tax expense (benefit)
  $ 78.9     $ (11.2 )   $ 5.2     $ (265.7 )   $ (2,483.4 )   $ (3,519.3 )   $ (126.4 )
Add back: fixed charges
    34.9       67.7       78.7       172.1       236.2       271.2       199.4  
 
                                         
Earnings before fixed charges
  $ 113.8     $ 56.5     $ 83.9     $ (93.6 )   $ (2,247.2 )   $ (3,248.1 )   $ 73.0  
 
                                         
Fixed Charges:
                                                       
Interest portion of rent expense
  $ 14.1     $ 17.4     $ 22.2     $ 26.8     $ 29.1     $ 33.6     $ 24.6  
Interest expense
    20.8       50.3       56.5       145.3       207.1       237.6       174.8  
 
                                         
 
Total fixed charges
  $ 34.9     $ 67.7     $ 78.7     $ 172.1     $ 236.2     $ 271.2     $ 199.4  
 
                                         
 
Ratio of earnings to fixed charges
    3.3x       0.8x       1.1x                          
 
                                         
 
Deficiency of earnings to fixed charges (1)
  $     $     $     $ (265.7 )   $ (2,483.4 )   $ (3,519.3 )   $ (126.4 )
 
                                         
 
(1)   Earnings before fixed charges were inadequate to cover fixed charges for fiscal years 2001, 2002, 2003 and 2004.