EX-12.2 3 d122540dex122.htm EX-12.2 EX-12.2

Exhibit 12.2

Lam Research Corporation

PRO FORMA COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

 

     March 27,
2016
     June 28,
2015
 

Ratio of earnings to fixed charges (1)

     3.9         1.9   

Income before income taxes

     702,128         285,629   

Less: Income (loss) from equity investees

     —           —     

Add: Interest expense

     243,291         304,457   

Interest component of rental expense

     1,277         1,186   

Adjusted Earnings

     946,696         591,272   

 

(1) For purposes of computing our pro forma ratio of earnings to fixed charges, earnings consist of earnings (loss) before income taxes and cumulative effect of accounting change, giving effect to both the anticipated merger between Lam Research Corporation and KLA-Tencor Corporation and the proposed debt transaction related financings, plus interest expensed; and fixed charges consist of interest expensed, interest capitalized and amortized premiums, discounts and capitalized expenses related to indebtedness.