EX-12.01 3 f06676exv12w01.htm EXHIBIT 12.01 exv12w01
 

Exhibit 12.01

VERITAS Software Corporation
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
                                         
    Year ended December 31,  
    2004     2003     2002     2001     2000  
Fixed charges
                                        
Interest expense
   $ 24,399     $ 30,401     $ 30,267     $ 29,381     $ 32,070  
Interest related to rental expense
     61,171       72,076       68,179       64,183       35,185  
 
                              
Total fixed charges
   $ 85,570     $ 102,477     $ 98,446     $ 93,564     $ 67,255  
 
                              
Earnings:
                                        
Income (loss) before income taxes
   $ 589,309     $ 381,636     $ 129,038     $ (517,874 )   $ (526,706 )
Fixed charges
     85,570       102,477       98,446       93,564       67,255  
 
                              
Total earnings (loss) for computation of ratio
   $ 674,879     $ 484,113     $ 227,484     $ (424,310 )   $ (459,451 )
 
                              
Ratio of earnings to fixed charges(1)
     7.9       4.7       2.3       —       —  

(1)   For our fiscal years ended December 31, 2001 and 2000, earnings were inadequate to cover fixed charges by $517.9 million and $526.7 million, respectively.