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