EX-12.1 4 f06696orexv12w1.htm EXHIBIT 12.1 exv12w1
 

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,  
    2000     2001     2002     2003     2004  
     
Pre- tax income (loss)
    (1,672,579 )     (167,213 )     (76,418 )     (29,133 )     2,163  
 
                                       
Total fixed charges
    2,026       3,700       3,369       3,506       2,882  
     
 
                                       
Total earnings (losses) before fixed charges
    (1,670,553 )     (163,513 )     (73,049 )     (25,627 )     5,045  
     
 
                                       
Interest expense
    28       125       307       154       103  
 
                                       
Interest attributable to rentals a
    1,998       3,575       3,062       3,352       2,779  
     
 
                                       
Total fixed charges
    2,026       3,700       3,369       3,506       2,882  
     
 
                                       
Ratio of earnings to fixed charges b
                            1.8  


a)   Interest attributable to rentals includes one-third of rental expense.
 
b)   Due to Harmonic’s losses in 2000, 2001, 2002, and 2003, the ratio coverage was less than 1:1. Additional earnings of $1.7 billion, $167.2 million, $76.4 million, $29.1 million would have been required in each of these periods, respectively, to achieve a coverage of 1:1.