Avnet 2014 Annual Report Download - page 120
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Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
June 28, 2014
June 29, 2013
June 30, 2012
July 2, 2011
July 3, 2010
(in thousands)
Earnings:
Income from continuing
operations before tax
701,127
549,265
790,782
870,966
585,083
Add fixed charges
138,430
139,015
121,734
121,353
100,162
Total Earnings
839,557
688,280
912,516
992,319
685,245
Fixed charges:
Interest on indebtedness including
amortization of debt expense
104,823
107,653
90,859
92,452
78,666
Interest component of rent expense
33,607
31,362
30,875
28,901
21,496
Total fixed charges
138,430
139,015
121,734
121,353
100,162
6.1
5.0
7.5
8.2
6.8