EX-12.1 4 f24780exv12w1.htm EXHIBIT 12.1 exv12w1
 

EXHIBIT 12.1
CONSOLIDATED FIXED CHARGE COMPUTATION FOR SOLECTRON CORPORATION (in millions):
                                         
    Year Ended August 31  
    2006     2005     2004     2003     2002  
Earnings (losses):
                                        
Net income (loss)
   $ 133.2     $ 3.4     $ (177.4 )   $ (3,452.6 )   $ (3,109.7 )
Cumulative effect of change in accounting principle, net
     0.8       —       —       —       —  
Discontinued operations (income) loss, net of tax
     (15.6 )     (13.9 )     (85.0 )     443.7       40.4  
Income tax (benefit) expense
     (1.3 )     15.7       (3.3 )     525.5       (450.0 )
 
                              
Income (loss) from continuing operations before income tax (benefit) expense
   $ 117.1     $ 5.2     $ (265.7 )   $ (2,483.4 )   $ (3,519.3 )
Add back: fixed charges
     46.9       78.7       172.1       236.2       271.2  
 
                              
Earnings (losses) before fixed charges
     164.0       83.9       (93.6 )     (2,247.2 )     (3,248.1 )
 
                              
Earnings (losses) from continuing operations before fixed charges
                                        
Fixed Charges:
                                        
Interest portion of rent expenses
   $ 18.4     $ 22.2     $ 26.8     $ 29.1     $ 33.6  
Interest expense
     28.5       56.5       145.3       207.1       237.6  
 
                              
Total Fixed Charges
   $ 46.9     $ 78.7     $ 172.1     $ 236.2     $ 271.2  
 
                              
 
                                        
Ratio of earnings from continuing operations to fixed charges
     3.5       1.1       —       —       —  
 
                              
 
                                        
Deficiency of earnings to fixed charges
   $ —     $ —     $ (265.7 )   $ (2,483.4 )   $ (3,519.3 )