EX-12.1 5 dex121.htm COMPUTATION OF RATIO OF EARNINGS AVAILABLE TO COVER FIXED CHARGES Computation of Ratio of Earnings Available to Cover Fixed Charges

Exhibit 12.1

 

Mattson Technology, Inc.

 

Computation of Ratio of Earnings to Fixed Charges

(Amounts in thousand of dollars)

 

     Years Ended December 31,
     Nine Months Ended
  
     1998
     1999
     2000
    2001
     2002
    

September 29,

2002

    

September 28,

2003

  

Pre-tax income (loss) from continuing operations

    $ (22,030 )   $ (602 )   $ 10,687    $ (355,725 )   $ (94,418 )   $ (61,303 )   $ (29,298 )
    
 
 
  
 
 
 

Fixed charges:

                                                        

Interest expense

      59       68       55      2,990       1,660       1,761       107  

Rental expense (33%)

      670       644       1,303      3,578       2,925       2,196       903  
    
 
 
  
 
 
 

Total fixed charges

    $ 729     $ 712     $ 1,358    $ 6,568     $ 4,585     $ 3,957     $ 1,010  
    
 
 
  
 
 
 

Earnings:

                                                        

Pre-tax income (loss) from continuing operations plus fixed charges

    $ (21,301 )   $ 110     $ 12,045    $ (349,157 )   $ (89,833 )   $ (57,346 )   $ (28,288 )
    
 
 
  
 
 
 

Ratio of earnings to fixed charges

      —         —         8.9      —         —         —         —    
    
 
 
  
 
 
 

 

Due to the registrant’s loss in the years ended December 31, 2002, 2001, 1999 and 1998 and the nine months ended September 28, 2003 and September 29, 2002, the registrant must generate additional earnings of $94.4 million, $355.7 million, $0.6 million, $22.0 million, $29.3 million and $61.3 million, respectively, to achieve a coverage of 1:1.