Exhibit 12.1
Analog Devices, Inc.
Ratio of Earnings to Fixed Charges
Fiscal Year Ended | Six Months Ended | |||||||||||||||||||||||
Nov. 2, | Nov. 1, | Oct. 31, | Oct. 29, | Oct. 28, | May 5, | |||||||||||||||||||
(In thousands, except ratios) | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | ||||||||||||||||||
Determination of earnings: | ||||||||||||||||||||||||
Income from continuing operations before provision for taxes on income | $ | 815,323 | $ | 729,345 | $ | 810,114 | $ | 956,921 | $ | 828,485 | $ | 740,401 | ||||||||||||
Amortization of Capitalized interest | 54 | 54 | 54 | 54 | 54 | 27 | ||||||||||||||||||
Fixed charges | 32,223 | 35,973 | 28,191 | 86,921 | 250,182 | 132,055 | ||||||||||||||||||
Total earnings as defined | 847,600 | 765,372 | 838,359 | 1,043,896 | 1,078,721 | 872,483 | ||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest and amortization expense | 31,585 | 35,055 | 27,368 | 85,808 | 248,554 | 130,574 | ||||||||||||||||||
Interest portion of rent expense | 638 | 918 | 823 | 1,113 | 1,628 | 1,481 | ||||||||||||||||||
Fixed charges | 32,223 | 35,973 | 28,191 | 86,921 | 250,182 | 132,055 | ||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
Total fixed charges | $ | 32,223 | $ | 35,973 | $ | 28,191 | $ | 86,921 | $ | 250,182 | $ | 132,055 | ||||||||||||
Ratio of earnings to fixed charges | 26.3 | 21.3 | 29.7 | 12.0 | 4.3 | 6.6 |