SANDISK CORP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 25, 2010

Attached files

file filename
10-K - FORM 10-K FY09 - SANDISK CORPform_10k.htm
EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - SANDISK CORPex31_2.htm
EX-32.2 - EXHIBIT 32.2 CFO CERTIFICATION - SANDISK CORPex32_2.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANT - SANDISK CORPex23_1.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - SANDISK CORPex21_1.htm
EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - SANDISK CORPex31_1.htm
EX-32.1 - EXHIBIT 32.1 CEO CERTIFICATION - SANDISK CORPex32_1.htm

Computation of Ratio of Earnings to Fixed Charges
 

   
Fiscal Years Ended
  
   
January 3,
 2010
    
December 28,
 2008
    
December 30,
 2007
    
December 31,
 2006
    
January 1,
 2006
  
   
(In thousands, except ratios)
  
Computation of earnings:
                              
Income (loss) before provision for income taxes
   $ 503,801     $ (1,952,374 )   $ 352,658     $ 403,355     $ 613,307  
Fixed charges excluding capitalized interest
     81,630       67,821       65,081       39,287       1,801  
Distributed earnings from 50%-or-less-owned affiliates
     (392 )     (3,604 )     (5,840 )     (2,498 )     (718 )
Adjusted earnings
   $ 585,039     $ (1,888,157 )   $ 411,899     $ 440,144     $ 614,390  
Computation of fixed charges:
                                        
Interest expense
   $ 70,205     $ 65,207     $ 62,097     $ 36,859     $ 17  
Interest relating to lease guarantee of 50%-or-less-owned affiliates
     8,898       ─       615       ─       538  
Interest portion of operating lease expense
     2,527       2,614       2,369       2,428       1,246  
Fixed charges
   $ 81,630     $ 67,821     $ 65,081     $ 39,287     $ 1,801  
Ratio of earnings to fixed charges
    7.2 x     ─       6.3 x     11.2 x     341.1 x
 
(1)    Computed by dividing (i) income (loss) before provision for income taxes adjusted for fixed charges by (ii) fixed charges which include interest expense plus amortization of debt issuance costs, the portion of rent expense under operating leases deemed to be representative of the interest factor and interest relating to lease guarantees of 50%-or-less-owned affiliates.  In fiscal year 2008, earnings were insufficient to cover fixed charges by $1.96 billion.

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