EX-12.1 6 masi-20180331x10qex121.htm RATIO OF EARNING TO FIXED CHARGES Exhibit


Exhibit 12.1

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

 
 
Three Months Ended
 
 
 
Fiscal Year Ended
 
 
March 31,
2018
 
December 30,
2017
As Adjusted*
 
December 31,
2016
 
January 2,
2016
 
January 3,
2015
 
December 28,
2013
 
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
$
55,532

 
$
185,800

 
$
418,341

 
$
116,345

 
$
102,041

 
$
75,726

 
Fixed charges
1,286

 
3,316

 
5,140

 
5,524

 
3,381

 
2,705

 
Noncontrolling interests in pre-tax (income) loss
—

 
—

 
—

 
1,757

 
2,350

 
607

 
Total earnings
$
56,818

 
$
189,116

 
$
423,481

 
$
123,626

 
$
107,772

 
$
79,038

 
Fixed charges
 
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
627

 
$
678

 
$
3,261

 
$
3,494

 
$
594

 
$
28

 
Estimated of interest within rental expense
659

 
2,638

 
1,879

 
2,030

 
2,787

 
2,677

 
Total fixed charges
$
1,286

 
$
3,316

 
$
5,140

 
$
5,524

 
$
3,381

 
$
2,705

 
Ratio of earnings to fixed charges
44.18

 
57.03

 
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.