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Sanmina-SCI Corporation
Statement of Computation of Ratio of Earnings to Fixed Charges
| | Fiscal Year | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Ended April 2, 2005 | |||||||||||||||||||
| 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||
| (In thousands, except ratios) | |||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest costs and amortization of debt discount and debt issuance costs | $ | 87,509 | $ | 132,809 | $ | 130,263 | $ | 97,833 | $ | 55,218 | $ | 46,796 | ||||||||
Interest included in rental expense | 3,794 | 6,678 | 7,836 | 9,756 | 12,646 | 14,471 | ||||||||||||||
Total fixed charges | $ | 91,303 | $ | 139,487 | $ | 138,099 | $ | 107,589 | $ | 67,864 | $ | 61,267 | ||||||||
Earnings: | ||||||||||||||||||||
Income (loss) before provision for income taxes | $ | (611,762 | ) | $ | (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 | 91,303 | 139,487 | 138,099 | 107,589 | 67,864 | 61,267 | ||||||||||||||
Total earnings for computation of ratio | $ | (520,459 | ) | $ | 139,432 | $ | (53,757 | ) | $ | (2,702,791 | ) | $ | 150,656 | $ | 411,238 | |||||
Ratio of earnings to fixed charges (1) | — | 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. Earnings for the six months ended April 2, 2005 were not sufficient to cover fixed charges by approximately $611.8 million. 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. The loss before income taxes for the six months ended April 2, 2005 included a goodwill impairment loss of $600 million.
Sanmina-SCI Corporation Statement of Computation of Ratio of Earnings to Fixed Charges