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Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
Fiscal Year Ended
June 27,
June 28,
June 30,
July 1,
July 2,
2009
2008
2007
2006
2005
(in thousands)
Earnings:
Income (loss) from continuing operations before income
taxes
$
(1,083,074
)
$
708,955
$
586,619
$
316,147
$
239,759
Add fixed charges
91,119
95,186
96,747
118,932
105,231
Total earnings (loss)
$
(991,955
)
$
804,141
$
683,366
$
435,079
$
344,990
Fixed charges:
Interest on indebtedness
$
66,481
$
72,285
$
77,172
$
96,505
$
85,056
Amortization of debt expense
3,177
3,176
3,413
5,043
5,188
Interest component of rent expense
21,461
19,725
16,162
17,384
14,987
Total fixed charges
$
91,119
$
95,186
$
96,747
$
118,932
$
105,231
Ratio of earnings to fixed charges
*
8.4
7.1
3.7
3.3
*
Earnings were deficient in covering fixed charges by $1.083 billion for the fiscal year ended June 27, 2009.