EX-12.1 4 avt-20120630x10kxexh121.htm RATIO OF EARNINGS TO FIXED CHARGES AVT-2012.06.30-10K-Exh12.1


Exhibit 12.1

Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
 
July 2,
 
July 3,
 
June 27,
 
June 28,
 
 
 
 
 
2012
 
2011
 
2010
 
2009
 
2008
 
 
 
 
(in thousands)
Earnings:

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing
 
 
 
 
 
 
 
 
 
 
 
 
 
operations before tax
 
$
790,782

 
$
870,966

 
$
585,083

 
$
(1,094,968
)
 
$
693,404

 
 
Add fixed charges
 
124,521

 
123,982

 
85,561

 
103,304

 
111,125

 
Total Earnings (loss)
 
$
915,303

 
$
994,948

 
$
670,644

 
$
(991,664
)
 
$
804,529

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness
 
$
90,859

 
$
92,452

 
$
61,748

 
$
78,666

 
$
88,224

 
 
Amortization of debt expense
 
2,787

 
2,629

 
2,317

 
3,177

 
3,176

 
 
Interest component of rent expense
 
30,875

 
28,901

 
21,496

 
21,461

 
19,725

 
Total fixed charges
 
$
124,521

 
$
123,982

 
$
85,561

 
$
103,304

 
$
111,125

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7.4

 
8.0

 
7.8

 
*

 
7.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
________________
 
 
 
 
 
 
 
 
 
 
 
 
 
* Earnings were deficient in covering fixed charges by $1.09 billion for the fiscal year ended June 27, 2009.