Exhibit 12
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
| For the First Quarter Ended | For the Fiscal Years Ended | |||||||||||||||||||||||
| September 29, 2012 | June 30, 2012 | July 2, 2011 | July 3, 2010 | June 27, 2009 | June 28, 2008 | |||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 108,857 | $ | 790,782 | $ | 870,966 | $ | 585,083 | $ | (1,094,968 | ) | $ | 693,404 | |||||||||||
Add fixed charges | 31,763 | 124,521 | 123,982 | 85,561 | 103,304 | 111,125 | ||||||||||||||||||
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Total earnings (loss) | $ | 140,620 | $ | 915,303 | $ | 994,948 | $ | 670,644 | $ | (991,664 | ) | $ | 804,529 | |||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest on indebtedness and amortization of debt expense | $ | 24,098 | $ | 93,646 | $ | 95,081 | $ | 64,065 | $ | 81,843 | $ | 91,400 | ||||||||||||
Interest component of rent expense | 7,665 | 30,875 | 28,901 | 21,496 | 21,461 | 19,725 | ||||||||||||||||||
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Total fixed charges | $ | 31,763 | $ | 124,521 | $ | 123,982 | $ | 85,561 | $ | 103,304 | $ | 111,125 | ||||||||||||
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Ratio of earnings to fixed charges | 4.4 | 7.4 | 8.0 | 7.8 | * | 7.2 | ||||||||||||||||||
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| * | Earnings were deficient in covering fixed charges by $1.09 billion for the fiscal year ended June 27, 2009. |
