EX-12.1 46 0046.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Seagate Technology Hard Drive Business, a Division of Seagate Technology, Inc. Computation of Ratio of Earnings to Fixed Charges (in Millions)
Predecessor -------------------------------- -------------- Six Period from Period from Months July 1, November 23, Ended to to June 30 July 2 July 3, June 27 June December 31, November 22, December 29, 2000 1999 1998 1997 1996 1999 - 2000 2000 ------------------------------------------------------------------------------------------- ------------- Earnings: Income (loss) before income taxes $ 641 $ 266 $ (708) $ 905 $ 377 $ 268 $ (949) $ (119) Add back fixed charges: Interest Expense 52 49 51 35 56 26 23 10 ------------------------------------------------------ --------------------------- ------------- Adjusted Earnings $ 693 $ 315 $ (657) $ 940 $ 433 $ 294 $ (926) $ (109) Total Fixed Charges 52 49 51 35 $ 56 $ 26 $ 23 $ 10 Ratio of Earnings to Fixed Charges 13.3x 6.4x 26.9x 7.7x 11.3x Deficiency of Earnings to Fixed Charges 708 $ -- $ 949 $ 119
Seagate Technology Inc. Computation of Ratio of Earnings to Fixed Charges (in Millions)
Seagate Technology New SAC ------------------------------------------------------------------ ------------- Six Period from Period from Months July 1, November 23, Fiscal Year (a) Ended to to December 31, November 22, December 29, 1996 1997 1998 1999 2000 1999 2000 2000 ---- ---- ---- ---- ---- ------------------------------- ------------- Earnings: Income (loss) before income taxes $ 331 $ 891 $ (704) $ 1,873 $ 609 $ 13 $ (1,640) $ (132) Add back fixed charges: Interest Expense 56 35 51 48 52 26 24 10 ---------------------------------------------------------- ------- -------- -------- Adjusted Earnings $ 387 $ 926 $ (653) $ 1,921 $ 661 $ 39 $ (1,616) $ (122) Total Fixed Charges $ 56 $ 35 $ 51 $ 48 $ 52 $ 26 $ 24 $ 10 Ratio of Earnings to Fixed Charges 6.9x 26.5x 40.0x 12.7x 1.5x Deficiency of Earnings to Fixed Charges $ 704 $ -- $ 1,640 $ 132