Western Digital (WDC) 10-Q2018 Q1 Quarterly report

Filed: 7 Nov 17, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Good

New words: aid, Appellate, Bain, bidding, blocking, clarification, clean, Concurrent, confirmed, constitute, defamation, DIO, dissolved, DPO, DSO, EICC, ERP, flat, forefront, forfeiture, Francisco, globe, gradual, Hynix, ICC, inclusive, Interbank, IoT, led, London, misalignment, moderate, notional, panel, perception, petition, preserved, prevail, prospectively, provisional, resource, room, routine, SK, solution, stipulated, supersede, Tegile, temporary, Tokyo, TRO, unwind, Upthere, vacated, windfall, withdrew, workforce, wrongful

Removed: achievement, actively, Albert, analyzed, appealed, arrangement, assigned, assumed, assuming, baht, beneficiary, bifurcated, borrowed, bridge, Camera, Chapter, closure, collaborate, combination, compensatory, conducted, conspiring, controlling, convertible, converting, CPM, crucial, deactivated, deepen, desktop, determining, dilution, discount, dismissal, dismissing, doubtful, Dr, drawn, elimination, evaluated, exchangeable, expanded, expensing, expertise, fabrication, factoring, fee, forma, fraudulently, Fremont, front, Giuliano, Harari, heading, hedged, host, inception, informational, instrument, intrinsic, isolation, lacked, leader, leased, lien, limitation, liquid, Malaysian, markup, mature, meaningful, Memristor, Mflash, monopolize, monopolizing, monopoly, Odawara, offering, partial, penalty, peso, Philippine, pound, practicable, predominantly, premium, prepaid, prepay, pro, ratable, recourse, relevant, remanded, repaid, replaced, repricing, resale, resell, restrain, reversed, ringgit, Ritz, sTec, sterling, sublimit, subsequently, terminal, Thai, thereunder, traded, Trustee, unredeemed, unsettled, vested, video, Virident, voluntary, voting, XPoint

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Exhibit 12.1

Western Digital Corporation

Computation of Ratio of Earnings to Fixed Charges



	Fiscal Year															Three months ended September 29, 2017
	2013			2014			2015			2016			2017			Three months ended September 29, 2017
	(in millions)
Computation of earnings:
Income before provision for income taxes	$	1,222		$	1,752		$	1,577		$	153		$	769		$	710
Fixed charges	75			75			69			285			871			209
Undistributed equity in income from 50%-or-less-owned affiliates	—			—			—			(1		)	(6		)	(1		)
Adjusted earnings	$	1,297		$	1,827		$	1,646		$	437		$	1,634		$	918
Computation of fixed charges:
Interest expense	$	54		$	56		$	49		$	266		$	847		$	205
Interest relating to lease guarantee of 50%-or-less-owned affiliates	—			—			—			—			6			—
Estimated interest portion of operating lease expense ⁽¹⁾	21			19			20			19			18			4
Fixed charges	$	75		$	75		$	69		$	285		$	871		$	209
Ratio of earnings to fixed charges	17.3		x	24.4		x	23.9		x	1.5		x	1.9		x	4.4		x


⁽¹⁾	Interest is estimated at 33% of rental charges, which considers industry benchmarks and assumption of average debt service cost over the assumed life of the related property.