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S-3ASR Filing
Gen Digital (GEN) S-3ASRAutomatic shelf registration
Filed: 13 Sep 10, 12:00am
Three Months | ||||||||||||||||||||||||
Year Ended | Ended | |||||||||||||||||||||||
March 31, | March 30, | March 28, | April 3, | April 2, | July 2, | |||||||||||||||||||
(In millions, except for ratio) | 2006 | 2007 | 2008 | 2009 | 2010 | 2010 | ||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) before income taxes and loss from joint venture | $ | 363 | $ | 568 | $ | 623 | $ | (6,550 | ) | $ | 865 | $ | 164 | |||||||||||
Fixed charges per below | 29 | 115 | 143 | 148 | 149 | 38 | ||||||||||||||||||
Total earnings (loss) | $ | 392 | $ | 683 | $ | 766 | $ | (6,402 | ) | $ | 1,014 | $ | 202 | |||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense, including amortization of debt expense | $ | 18 | $ | 90 | $ | 119 | $ | 125 | $ | 129 | $ | 33 | ||||||||||||
Estimate of the interest within rental expense | 11 | 25 | 24 | 23 | 20 | 5 | ||||||||||||||||||
Total fixed charges | $ | 29 | $ | 115 | $ | 143 | $ | 148 | $ | 149 | $ | 38 | ||||||||||||
Ratio of earnings to fixed charges(1) | 13.52 | x | 5.94 | x | 5.36 | x | — | (2) | 6.81 | x | 5.32 | x |
(1) | For these ratios, “earnings” represents (a) Income (loss) before income taxes and loss from joint venture and (b) fixed charges. Fixed charges consist of interest on all indebtedness and amortization of debt expense and an estimate of the interest within rental expense. | |
(2) | Earnings for the fiscal year ended April 3, 2009 were not sufficient to cover fixed charges by a total of $6.6 billion and, as such, the ratio of earnings to fixed charges has not been computed for this period. Included in the earnings for fiscal 2009 is an impairment of goodwill of $7.4 billion. For more information, see Note 6 of the Notes to the Consolidated Financial Statements in our Form 10-K for the fiscal year ended April 3, 2009. |