Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - JABIL INC | d460944dex51.htm |
| EX-4.1 - EX-4.1 - JABIL INC | d460944dex41.htm |
| EX-1.1 - EX-1.1 - JABIL INC | d460944dex11.htm |
| 8-K - FORM 8-K - JABIL INC | d460944d8k.htm |
Exhibit 12.1
Jabil Inc.
Calculation of Earnings to Fixed Charges
| Fiscal Years Ended August 31, | ||||||||||||||||||||||||
| (in thousands) | Three Months Ended November 30, 2017 |
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
| Calculation of Earnings: |
||||||||||||||||||||||||
| Net income attributable to Jabil Inc. |
$ | 63,795 | $ | 129,090 | $ | 254,095 | $ | 284,019 | $ | 241,313 | $ | 371,482 | ||||||||||||
| Discontinued operations (gain) loss, net of tax |
— | — | — | 8,573 | (243,853 | ) | (50,608 | ) | ||||||||||||||||
| Income tax expense of continuing operations |
43,520 | 129,066 | 132,149 | 137,461 | 73,711 | 7,631 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Income from continuing operations before tax |
$ | 107,315 | $ | 258,156 | $ | 386,244 | $ | 430,053 | $ | 71,171 | $ | 328,505 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Plus: |
||||||||||||||||||||||||
| Fixed charges |
$ | 45,935 | $ | 178,194 | $ | 177,793 | $ | 163,207 | $ | 163,071 | $ | 148,281 | ||||||||||||
| Amortization of previously capitalized interest |
— | 298 | — | 426 | 252 | — | ||||||||||||||||||
| Less: |
||||||||||||||||||||||||
| Capitalized interest |
— | (1,037 | ) | (1,114 | ) | — | (426 | ) | (252 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total earnings |
$ | 153,250 | $ | 435,611 | $ | 562,923 | $ | 593,686 | $ | 234,068 | $ | 476,534 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Calculation of Fixed Charges: |
||||||||||||||||||||||||
| Interest on all indebtedness and amortization of debt discount and expense (including continuing and discontinued operations) |
$ | 36,246 | $ | 138,074 | $ | 136,536 | $ | 128,091 | $ | 128,064 | $ | 121,062 | ||||||||||||
| Capitalized interest |
— | 1,037 | 1,114 | — | 426 | 252 | ||||||||||||||||||
| Interest factor attributable to rentals (including continuing and discontinued operations) |
9,689 | 39,083 | 40,143 | 35,116 | 34,581 | 26,967 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total fixed charges |
$ | 45,935 | $ | 178,194 | $ | 177,793 | $ | 163,207 | $ | 163,071 | $ | 148,281 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of Earnings to Fixed Charges |
3.3x | 2.4x | 3.2x | 3.6x | 1.4x | 3.2x | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||