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Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
Fiscal Year Ended
June 28,
June 30,
July 1,
July 2,
July 3,
2008
2007
2006
2005
2004
(in thousands)
Earnings:
Income from continuing operations before income taxes
$
708,955
$
586,619
$
316,147
$
239,759
$
98,398
Add fixed charges
95,186
96,747
118,932
105,231
114,972
Total earnings
$
804,141
$
683,366
$
435,079
$
344,990
$
213,370
Fixed charges:
Interest on indebtedness
$
72,285
$
77,172
$
96,505
$
85,056
$
94,573
Amortization of debt expense
3,176
3,413
5,043
5,188
4,897
Interest component of rent expense
19,725
16,162
17,384
14,987
15,502
Total fixed charges
$
95,186
$
96,747
$
118,932
$
105,231
$
114,972
Ratio of earnings to to fixed charges
8.4
7.1
3.7
3.3
1.9