Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - SANDISK CORP | Financial_Report.xls |
| EX-31.1 - CEO CERTIFICATION TO SECTION 302 - SANDISK CORP | sndkex-311xsoxceocertq115.htm |
| EX-31.2 - CFO CERTIFICATION TO SECTION 302 - SANDISK CORP | sndkex-312xsoxcfocertq115.htm |
| EX-32.2 - CFO CERTIFICATION TO SECTION 906 - SANDISK CORP | sndkex-322xsec906cfocertq1.htm |
| EX-32.1 - CEO CERTIFICATION TO SECTION 906 - SANDISK CORP | sndkex-321xsec906ceocertq1.htm |
| 10-Q - Q1'15 FORM 10-Q - SANDISK CORP | sndkq11510-q.htm |
EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
Three months ended | Years ended | ||||||||||||||||||||||
March 29, 2015 | December 28, 2014 | December 29, 2013 | December 30, 2012 | January 1, 2012 | January 2, 2011 | ||||||||||||||||||
(In thousands, except ratios) | |||||||||||||||||||||||
Computation of earnings: | |||||||||||||||||||||||
Income before provision for income taxes | $ | 33,617 | $ | 1,489,030 | $ | 1,516,149 | $ | 626,916 | $ | 1,476,754 | $ | 1,457,433 | |||||||||||
Fixed charges excluding capitalized interest | 34,636 | 124,188 | 93,804 | 128,934 | 125,057 | 101,434 | |||||||||||||||||
Distributed earnings from 50%-or-less-owned affiliates | (2,911 | ) | (977 | ) | (13,733 | ) | (451 | ) | (2,729 | ) | (147 | ) | |||||||||||
Adjusted earnings | $ | 65,342 | $ | 1,612,241 | $ | 1,596,220 | $ | 755,399 | $ | 1,599,082 | $ | 1,558,720 | |||||||||||
Computation of fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 29,037 | $ | 113,216 | $ | 91,785 | $ | 119,869 | $ | 122,512 | $ | 90,377 | |||||||||||
Interest relating to lease guarantee of 50%-or-less-owned affiliates | 4,361 | 6,943 | — | 7,065 | — | 8,746 | |||||||||||||||||
Interest portion of operating lease expense | 1,238 | 4,029 | 2,019 | 2,000 | 2,545 | 2,311 | |||||||||||||||||
Fixed charges | $ | 34,636 | $ | 124,188 | $ | 93,804 | $ | 128,934 | $ | 125,057 | $ | 101,434 | |||||||||||
Ratio of earnings to fixed charges (1) | 1.9 | x | 13.0 | x | 17.0 | x | 5.9 | x | 12.8 | x | 15.4 | x | |||||||||||
(1) | Computed by dividing (i) income 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. |