EX-12.1 2 d122540dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Lam Research Corporation

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

 

     Nine Months
Ended
March 27, 2016		      Fiscal Years Ended  
        June 28,
2015		      June 29,
2014		      June 30,
2013		      June 24,
2012		     June 26,
2011		  

Ratio of earnings to fixed charges1

      10.0         11.0         12.6         2.1         6.2        72.4   

Income before income taxes

    $ 678,125       $ 740,850       $ 723,363       $ 66,658       $ 204,418      $ 800,876   

Less: Income (loss) from equity investees

      —           —           683         1,171         (246 )      —     

Add: Interest expense

      74,124         73,682         61,692         60,408         38,962        5,380   

Interest component of rental expense

      874         647         760         759         638        5,839   

Adjusted Earnings

    $ 753,123       $ 815,179       $ 785,132       $ 126,654       $ 244,264      $ 812,095   

 

1  For purposes of computing our ratio of earnings to fixed charges, earnings consist of earnings (loss) before income taxes and cumulative effect of accounting change plus interest expensed; and fixed charges consist of interest expensed, interest capitalized and amortized premiums, discounts and capitalized expenses related to indebtedness.