EX-12.1 18 a2154782zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Sanmina-SCI Corporation
Statement of Computation of Ratio of Earnings to Fixed Charges

 
   
  Fiscal Year
 
  Quarter Ended
January 1,
2005

 
  2004
  2003
  2002
  2001
  2000
 
  (In thousands, except ratios)

Fixed Charges:                                    
  Interest costs and amortization of debt discount and debt issuance costs   $ 38,603   $ 132,809   $ 130,263   $ 97,833   $ 55,218   $ 46,796
  Interest included in rental expense     1,369     6,678     7,836     9,756     12,646     14,471
   
 
 
 
 
 
    Total fixed charges   $ 39,972   $ 139,487   $ 138,099   $ 107,589   $ 67,864   $ 61,267
   
 
 
 
 
 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
  Income (loss) before provision for income taxes   $ 33,320   $ (15,581 ) $ (198,207 ) $ (2,814,892 ) $ 82,792   $ 349,971
  Loss from investment in 50% or less owned companies         15,526     6,351     4,512        
  Fixed charges     39,972     139,487     138,099     107,589     67,864     61,267
   
 
 
 
 
 
    Total earnings for computation of ratio   $ 73,292   $ 139,432   $ (53,757 ) $ (2,702,791 ) $ 150,656   $ 411,238
   
 
 
 
 
 

Ratio of earnings to fixed charges (1)

 

 

1.8x

 

 

1.0x

 

 


 

 


 

 

2.2x

 

 

6.7x

(1)
Earnings for fiscal 2003 and 2002 were not sufficient to cover fixed charges by approximately $191.9 million for fiscal 2003 and approximately $2.8 billion for fiscal 2002. The loss before income taxes for fiscal 2003 included an impairment of long-lived assets loss of $95.6 million and the loss before income taxes for fiscal 2002 included a goodwill impairment loss of $2.8 billion.



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Sanmina-SCI Corporation Statement of Computation of Ratio of Earnings to Fixed Charges