EX-12.1 3 masi-20171230x10kex121.htm RATIO OF EARNING TO FIXED CHARGES Exhibit


Exhibit 12.1

Masimo Corporation
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 
 
Fiscal Year Ended
 
 
December 30,
2017
 
December 31,
2016
 
January 2,
2016
 
January 3,
2015
 
December 28,
2013
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
$
199,374

 
$
418,341

 
$
116,345

 
$
102,041

 
$
75,726

Fixed charges
3,316

 
5,140

 
5,523

 
3,381

 
2,705

Noncontrolling interests in pre-tax (income) loss
—

 
—

 
1,757

 
2,350

 
607

Total earnings
$
202,690

 
$
423,481

 
$
123,625

 
$
107,772

 
$
79,038

Fixed charges
 
 
 
 
 
 
 
 
 
Interest expensed
$
678

 
$
3,261

 
3,493

 
$
594

 
$
28

Estimate of interest within rental expense
2,638

 
1,879

 
2,030

 
2,787

 
2,677

Total fixed charges
$
3,316

 
$
5,140

 
$
5,523

 
$
3,381

 
$
2,705

Ratio of earnings to fixed charges:
61.12

 
82.39

 
22.38

 
31.88

 
29.22


In the periods presented, there were no shares of preferred stock outstanding and no dividends paid on preferred stock. Therefore, the ratios of earnings to fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.