EX-12.1 7 d475132dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

BROADCOM LIMITED AND BROADCOM CAYMAN L.P.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Fiscal Year Ended  
     October 29,
2017		     October 30,
2016		     November 1,
2015		     November 2,
2014		     November 3,
2013		  
     (in millions, except ratio data)  

Fixed charges (1):

           

Interest expense

    $ 430     $ 549     $ 169     $ 96     $ 1  

Capitalized interest

      23       17       5       2       —    

Amortization of debt issuance costs and accretion of debt discount

      24       36       22       14       1  

Portion of rental expense representative of interest (2)

      84       76       26       14       4  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 561     $ 678     $ 222     $ 126     $ 6  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings:

           

Income (loss) from continuing operations before income taxes

    $ 1,825     $ (1,107 )    $ 1,467     $ 342     $ 568  

Fixed charges per above

      561       678       222       126       6  

Amortization of capitalized interest

      1       1       —         —         —    

Less: capitalized interest

      (23 )      (17 )      (5 )      (2 )      —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings

    $ 2,364     $ (445 )    $ 1,684     $ 466     $ 574  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Deficiency of earnings to fixed charges

      —       $ (1,123 )      —         —         —    

Ratio of earnings to fixed charges

      4.2       —         7.6       3.7       94.4  

 

(1) For purposes of computing this ratio of earnings to fixed charges, “fixed charges” consist of interest expense on all indebtedness plus amortization of debt issuance costs and accretion of debt discount, capitalized interest and an estimate of interest expense within rental expense. “Earnings” consist of income (loss) from continuing operations before income taxes plus fixed charges and amortization of capitalized interest less capitalized interest.
(2) The Company uses one-third of rental expense as an estimation of the interest factor on its rental expense.