EX-12.1 6 avt-20130629x10kxexh121.htm RATIO OF EARNINGS TO FIXED CHARGES AVT-2013.06.29-10K-Exh12.1


Exhibit 12.1

Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 29, 2013
 
June 30, 2012
 
July 2, 2011
 
July 3, 2010
 
June 27, 2009
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Earnings:

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing
 
 
 
 
 
 
 
 
 
 
 
 
 
operations before tax
 
549,265

 
790,782

 
870,966

 
585,083

 
(1,094,968
)
 
 
Add fixed charges
 
141,989

 
124,521

 
123,982

 
85,561

 
103,304

 
Total Earnings (loss)
 
691,254

 
915,303

 
994,948

 
670,644

 
(991,664
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness
 
107,653

 
90,859

 
92,452

 
61,748

 
78,666

 
 
Amortization of debt expense
 
2,974

 
2,787

 
2,629

 
2,317

 
3,177

 
 
Interest component of rent expense
 
31,362

 
30,875

 
28,901

 
21,496

 
21,461

 
Total fixed charges
 
141,989

 
124,521

 
123,982

 
85,561

 
103,304

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4.9

 
7.4

 
8.0

 
7.8

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