Attached files
| file | filename |
|---|---|
| EX-32.1 - CEO CERTIFICATION TO SECTION 906 - WESTERN DIGITAL CORP | wdc-2017q3ex321.htm |
| EX-31.1 - CEO CERTIFICATION TO SECTION 302 - WESTERN DIGITAL CORP | wdc-2017q3ex311.htm |
| EX-32.2 - CFO CERTIFICATION TO SECTION 906 - WESTERN DIGITAL CORP | wdc-2017q3ex322.htm |
| EX-31.2 - CFO CERTIFICATION TO SECTION 302 - WESTERN DIGITAL CORP | wdc-2017q3ex312.htm |
| 10-Q - Q3'17 FORM 10-Q - WESTERN DIGITAL CORP | wdc-2017q310xqxdoc.htm |
Exhibit 12.1
Western Digital Corporation
Computation of Ratio of Earnings to Fixed Charges
Fiscal Year | Nine Months Ended March 31, 2017 | ||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||||||||
(in millions, except ratios) | |||||||||||||||||||||||
Computation of earnings: | |||||||||||||||||||||||
Income before provision for income taxes | $ | 1,757 | $ | 1,222 | $ | 1,752 | $ | 1,577 | $ | 153 | $ | 354 | |||||||||||
Fixed charges | 47 | 75 | 75 | 69 | 285 | 667 | |||||||||||||||||
Undistributed equity in income from 50%-or-less-owned affiliates | — | — | — | — | (1 | ) | (3 | ) | |||||||||||||||
Adjusted earnings | $ | 1,804 | $ | 1,297 | $ | 1,827 | $ | 1,646 | $ | 437 | $ | 1,018 | |||||||||||
Computation of fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 33 | $ | 54 | $ | 56 | $ | 49 | $ | 266 | $ | 646 | |||||||||||
Interest relating to lease guarantee of 50%-or-less-owned affiliates | — | — | — | — | — | 5 | |||||||||||||||||
Estimated interest portion of operating lease expense (1) | 14 | 21 | 19 | 20 | 19 | 16 | |||||||||||||||||
Fixed charges | $ | 47 | $ | 75 | $ | 75 | $ | 69 | $ | 285 | $ | 667 | |||||||||||
Ratio of earnings to fixed charges | 38.4 | x | 17.3 | x | 24.4 | x | 23.9 | x | 1.5 | x | 1.5 | x | |||||||||||
(1) | Interest is estimated at 33% of rental charges, which considers industry benchmarks and assumption of average debt service cost over the assumed life of the related property. |