EXHIBIT 12.1
Consolidated Fixed Charge Computation for
Solectron Corporation
($Millions)
Year Ended August 31 | ||||||||||||
2004 | 2003 | 2002 | ||||||||||
Losses: | ||||||||||||
Net loss | $ | (168.9 | ) | $ | (3,462.0 | ) | $ | (3,110.2 | ) | |||
Discontinued operations (income) loss, net of tax | (82.9 | ) | 442.2 | 39.4 | ||||||||
Income tax (benefit) expense | (0.3 | ) | 532.1 | (449.0 | ) | |||||||
Loss from continuing operations before income tax (benefit) expense | $ | (252.1 | ) | $ | (2,487.7 | ) | $ | (3,519.8 | ) | |||
Add back: fixed charges | 171.0 | 236.2 | 272.4 | |||||||||
Earnings before fixed charges | (81.1 | ) | (2,251.5 | ) | (3,247.4 | ) | ||||||
Fixed Charges: | ||||||||||||
Interest portion of rental expense | $ | 26.8 | $ | 29.1 | $ | 33.6 | ||||||
Interest expense | 144.2 | 207.1 | 238.8 | |||||||||
$ | 171.0 | $ | 236.2 | $ | 272.4 | |||||||
Ratio of earnings to fixed charges | ||||||||||||
Deficiency of earnings to fixed charges | $ | (252.1 | ) | $ | (2,487.7 | ) | $ | (3,519.8 | ) | |||