EX-12.1 5 f71805orex12-1.txt EXHIBIT 12.1 1 EXHIBIT 12.1 SANMINA CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in millions except ratio amounts)
6 months ended Fiscal Year Ended September 30, March 31, ------------------------------------------------------ ----------------- 1996 1997 1998 1999 2000 2000 2001 ------- ------- ------- ------- ------- ------- ------- Pre-tax income before adjustment for minority interests or loss from equity investees............. $144,083 $ 95,706 $ 96,148 $169,367 $357,969 $164,941 $286,266 Total fixed charges............... 9,067 34,277 48,778 64,321 77,674 36,386 33,287 Less: Interest capitalized during the period................. -- -- -- -- -- -- -- -------- -------- -------- -------- -------- -------- -------- Total earnings (losses) before fixed charges..................... 153,150 129,983 144,926 233,688 435,643 201,327 319,553 ======== ======== ======== ======== ======== ======== ======== Interest expense.................. 6,235 28,902 42,013 56,155 68,685 32,660 27,787 Interest capitalized during the period............................ -- -- -- -- -- -- -- Interest attributable to rentals.. 2,832 5,375 6,765 8,166 8,989 3,726 5,500 -------- -------- -------- -------- -------- -------- -------- Total fixed charges............... 9,067 34,277 48,778 64,321 77,674 36,386 33,287 ======== ======== ======== ======== ======== ======== ======== Ration of earnings to fixed charges(1)...................... 16.9x 3.8x 3.0x 3.6x 5.6x 5.5x 9.6x