Exhibit 12.1
Computer Sciences Corporation
Ratio of Earnings to Fixed Charges
Nine Months Ended December 27, 2002 and Five Years Ended March 29, 2002
Fiscal Years Ended | |||||||||||||||||||||
9 months ended 12/2002* | March 29, 2002 | March 30, 2001 | March 31, 2000 | April 2, 1999 | April 3, 1998 | March 28, 1997 | |||||||||||||||
Earnings | |||||||||||||||||||||
Income before income taxes | $ | 388,214 | $ | 496,800 | $ | 330,309 | $ | 611,472 | $ | 534,873 | $ | 214,368 | $ | 315,658 | |||||||
Plus | |||||||||||||||||||||
Interest expense |
| 106,391 |
| 154,800 |
| 106,125 |
| 58,135 |
| 49,358 |
| 51,418 |
| 40,780 | |||||||
Imputed interest on operating leases |
| 67,000 |
| 97,033 |
| 76,900 |
| 66,300 |
| 64,031 |
| 57,105 |
| 56,877 | |||||||
Total earnings | $ | 561,605 | $ | 748,633 | $ | 513,334 | $ | 735,907 | $ | 648,262 | $ | 322,891 | $ | 413,315 | |||||||
Fixed charges | |||||||||||||||||||||
Interest expense | $ | 106,391 | $ | 154,800 | $ | 106,125 | $ | 58,135 | $ | 49,358 | $ | 51,418 | $ | 40,780 | |||||||
Imputed interest on operating leases |
| 67,000 |
| 97,033 |
| 76,900 |
| 66,300 |
| 64,031 |
| 57,105 |
| 56,877 | |||||||
Total fixed charges | $ | 173,391 | $ | 251,833 | $ | 183,025 | $ | 124,435 | $ | 113,389 | $ | 108,523 | $ | 97,657 | |||||||
Ratio of Earnings to fixed charges |
| 3.24 |
| 2.97 |
| 2.80 |
| 5.91 |
| 5.72 |
| 2.98 |
| 4.23 | |||||||
| * | Imputed interest on operating leases based on full year estimates from the 2002 10-K |
