Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - AVNET INC | c20396e10vk.htm |
| EX-21 - EXHIBIT 21 - AVNET INC | c20396exv21.htm |
| EX-10.21 - EXHIBIT 10.21 - AVNET INC | c20396exv10w21.htm |
| EX-32.1 - EXHIBIT 32.1 - AVNET INC | c20396exv32w1.htm |
| EX-31.2 - EXHIBIT 31.2 - AVNET INC | c20396exv31w2.htm |
| EX-32.2 - EXHIBIT 32.2 - AVNET INC | c20396exv32w2.htm |
| EX-23.1 - EXHIBIT 23.1 - AVNET INC | c20396exv23w1.htm |
| EX-31.1 - EXHIBIT 31.1 - AVNET INC | c20396exv31w1.htm |
Exhibit 12.1
Avnet, Inc.
Computation of Ratios of Earnings to Fixed Charges
Computation of Ratios of Earnings to Fixed Charges
| Fiscal Year Ended | ||||||||||||||||||||
| July 2, | July 3, | June 27, | June 28, | June 30, | ||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| (in thousands) | ||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income (loss) from continuing
operations before income taxes |
$ | 870,966 | $ | 585,083 | $ | (1,094,968 | ) | $ | 693,404 | $ | 572,230 | |||||||||
Add fixed charges |
123,982 | 85,561 | 103,304 | 111,125 | 111,524 | |||||||||||||||
Total earnings (loss) |
$ | 994,948 | $ | 670,644 | $ | (991,664 | ) | $ | 804,529 | $ | 683,754 | |||||||||
Fixed charges: |
||||||||||||||||||||
Interest on indebtedness |
$ | 92,452 | $ | 61,748 | $ | 78,666 | $ | 88,224 | $ | 91,949 | ||||||||||
Amortization of debt expense |
2,629 | 2,317 | 3,177 | 3,176 | 3,413 | |||||||||||||||
Interest component of rent expense |
28,901 | 21,496 | 21,461 | 19,725 | 16,162 | |||||||||||||||
Total fixed charges |
$ | 123,982 | $ | 85,561 | $ | 103,304 | $ | 111,125 | $ | 111,524 | ||||||||||
| 8.0 | 7.8 | * | 7.2 | 6.1 | ||||||||||||||||
| * | Earnings were deficient in covering fixed charges by $1.09 billion for the fiscal year ended June 27, 2009. |