Avnet 2013 Annual Report Download - page 150

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Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
June 29, 2013
June 30, 2012
July 2, 2011
July 3, 2010
June 27, 2009
(in thousands)
Earnings:
Income (loss) from continuing
operations before tax
549,265
790,782
870,966
585,083
(1,094,968
)
Add fixed charges
141,989
124,521
123,982
85,561
103,304
Total Earnings (loss)
691,254
915,303
994,948
670,644
(991,664
)
Fixed charges:
Interest on indebtedness
107,653
90,859
92,452
61,748
78,666
Amortization of debt expense
2,974
2,787
2,629
2,317
3,177
Interest component of rent expense
31,362
30,875
28,901
21,496
21,461
Total fixed charges
141,989
124,521
123,982
85,561
103,304
4.9
7.4
8.0
7.8
*
________________
* Earnings were deficient in covering fixed charges by $1.09 billion for the fiscal year ended June 27, 2009.