Attached files
| file | filename |
|---|---|
| EX-10.01 - FIRST AMENDMENT TO CREDIT AGREEMENT - NortonLifeLock Inc. | d359894dex1001.htm |
| EX-99.01 - RISK FACTORS - NortonLifeLock Inc. | d359894dex9901.htm |
| 8-K - FORM 8-K - NortonLifeLock Inc. | d359894d8k.htm |
Exhibit 12.01
SYMANTEC CORP. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended | ||||||||||||||||||||
| (In millions, except for ratio) | March 28, 2008 |
April 3, 2009 |
April 2, 2010 |
April 1, 2011 |
March 30, 2012 |
|||||||||||||||
| Earnings: |
||||||||||||||||||||
| Income (loss) before income taxes |
$ | 623 | $ | (6,603 | ) | $ | 826 | $ | 698 | $ | 1,470 | |||||||||
| Fixed charges per below |
143 | 150 | 154 | 166 | 139 | |||||||||||||||
| Total earnings (loss) |
$ | 766 | $ | (6,453 | ) | $ | 980 | $ | 864 | $ | 1,609 | |||||||||
| Fixed charges: |
||||||||||||||||||||
| Interest expense, including amortization of debt expense |
$ | 119 | $ | 125 | $ | 129 | $ | 143 | $ | 115 | ||||||||||
| Estimate of the interest within rental expense |
24 | 25 | 25 | 23 | 24 | |||||||||||||||
| Total fixed charges |
$ | 143 | $ | 150 | $ | 154 | $ | 166 | $ | 139 | ||||||||||
| Ratio of earnings to fixed charges (1) |
5.36 | x | — | (2) | 6.36 | x | 5.20 | x | 11.58 | x | ||||||||||
| (1) | For these ratios, “earnings” represents (a) Income (loss) before income taxes and (b) fixed charges. Fixed charges consist of interest on all indebtedness, amortization of debt expense and an estimate of the interest within rental expense. |
| (2) | Earnings for the fiscal year ended April 3, 2009 were not sufficient to cover fixed charges by a total of $6.6 billion and, as such, the ratio of earnings to fixed charges has not been computed for this period. Included in the earnings for fiscal 2009 is an impairment of goodwill of $7.4 billion. For more information, see Note 6 of the Notes to the Consolidated Financial Statements in our Form 10-K for the fiscal year ended April 3, 2009. |