Jabil (JBL) 8-K Entry into a Material Definitive Agreement

Exhibit 12.1

Jabil Inc.

Calculation of Earnings to Fixed Charges

			Fiscal Years Ended August 31,
(in thousands)	Three Months Ended November 30, 2017		2017			2016			2015		2014			2013
Calculation of Earnings:
Net income attributable to Jabil Inc.	$	63,795	$	129,090		$	254,095		$	284,019	$	241,313		$	371,482
Discontinued operations (gain) loss, net of tax		—		—			—			8,573		(243,853	)		(50,608	)
Income tax expense of continuing operations		43,520		129,066			132,149			137,461		73,711			7,631
Income from continuing operations before tax	$	107,315	$	258,156		$	386,244		$	430,053	$	71,171		$	328,505
Plus:
Fixed charges	$	45,935	$	178,194		$	177,793		$	163,207	$	163,071		$	148,281
Amortization of previously capitalized interest		—		298			—			426		252			—
Less:
Capitalized interest		—		(1,037	)		(1,114	)		—		(426	)		(252	)
Total earnings	$	153,250	$	435,611		$	562,923		$	593,686	$	234,068		$	476,534
Calculation of Fixed Charges:
Interest on all indebtedness and amortization of debt discount and expense (including continuing and discontinued operations)	$	36,246	$	138,074		$	136,536		$	128,091	$	128,064		$	121,062
Capitalized interest		—		1,037			1,114			—		426			252
Interest factor attributable to rentals (including continuing and discontinued operations)		9,689		39,083			40,143			35,116		34,581			26,967
Total fixed charges	$	45,935	$	178,194		$	177,793		$	163,207	$	163,071		$	148,281
Ratio of Earnings to Fixed Charges		3.3x		2.4x			3.2x			3.6x		1.4x			3.2x