EX-12.1 5 f77840orex12-1.txt EXHIBIT 12.1 Exhibit 12.1 HARMONIC INC. COMPUTATION OF RATIO OF EARNINGS AVAILABLE TO COVER FIXED CHARGES (IN THOUSANDS, EXCEPT FOR RATIO AMOUNTS)
FISCAL YEAR ENDED DECEMBER 31, --------------------------------------------------------------------- 1997 1998 1999 2000 2001 ----------- ----------- ----------- ----------- ----------- Pre-tax income (loss) .... $ 5,188 $ (21,453) $ 31,573 $(1,672,579) $ (167,213) Total fixed charges ...... 482 630 630 2,026 3,700 ----------- ----------- ----------- ----------- ----------- Total earnings (losses) before fixed charges ... $ 5,670 $ (20,823) $ 32,203 $(1,670,553) $ (163,513) =========== =========== =========== =========== =========== Interest expense ......... -- 80 60 28 125 Interest attributable to rentals (a) ............ 482 550 570 1,998 3,575 ----------- ----------- ----------- ----------- ----------- Total fixed charges ...... $ 482 $ 630 $ 630 $ 2,026 $ 3,700 =========== =========== =========== =========== =========== Ratio of earnings to fixed charges (b) ............ 12:1 -- 51:1 -- --
(a) Interest attributable to rentals includes one-third rental expense. (b) Due to Harmonic's losses in 1998, 2000, and 2001, the ratio coverage was less than 1:1. Additional earnings of $21.5 million, $1.7 billion, and $167.2 million would have been required in each of these periods, respectively, to achieve a coverage of 1:1.