Avnet 2012 Annual Report Download - page 130
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Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
June 30,
July 2,
July 3,
June 27,
June 28,
2012
2011
2010
2009
2008
(in thousands)
Earnings:
Income (loss) from continuing
operations before tax
$
790,782
$
870,966
$
585,083
$
(1,094,968
)
$
693,404
Add fixed charges
124,521
123,982
85,561
103,304
111,125
Total Earnings (loss)
$
915,303
$
994,948
$
670,644
$
(991,664
)
$
804,529
Fixed charges:
Interest on indebtedness
$
90,859
$
92,452
$
61,748
$
78,666
$
88,224
Amortization of debt expense
2,787
2,629
2,317
3,177
3,176
Interest component of rent expense
30,875
28,901
21,496
21,461
19,725
Total fixed charges
$
124,521
$
123,982
$
85,561
$
103,304
$
111,125
7.4
8.0
7.8
*
7.2
________________
* Earnings were deficient in covering fixed charges by $1.09 billion for the fiscal year ended June 27, 2009.