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Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
Fiscal Year Ended
July 2,
July 3,
June 27,
June 28,
June 30,
2011
2010
2009
2008
2007
(in thousands)
Earnings:
Income (loss) from continuing
operations before income taxes
$
870,966
$
585,083
$
(1,094,968
)
$
693,404
$
572,230
Add fixed charges
123,982
85,561
103,304
111,125
111,524
Total earnings (loss)
$
994,948
$
670,644
$
(991,664
)
$
804,529
$
683,754
Fixed charges:
Interest on indebtedness
$
92,452
$
61,748
$
78,666
$
88,224
$
91,949
Amortization of debt expense
2,629
2,317
3,177
3,176
3,413
Interest component of rent expense
28,901
21,496
21,461
19,725
16,162
Total fixed charges
$
123,982
$
85,561
$
103,304
$
111,125
$
111,524
8.0
7.8
*
7.2
6.1
*
Earnings were deficient in covering fixed charges by $1.09 billion for the fiscal year ended June 27, 2009.