Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Qorvo, Inc. | qorvo20160702-10q.htm |
| EX-32.2 - EXHIBIT 32.2 - Qorvo, Inc. | exhibit32220160702.htm |
| EX-32.1 - EXHIBIT 32.1 - Qorvo, Inc. | exhibit32120160702.htm |
| EX-31.2 - EXHIBIT 31.2 - Qorvo, Inc. | exhibit31220160702.htm |
| EX-31.1 - EXHIBIT 31.1 - Qorvo, Inc. | exhibit31120160702.htm |
| EX-10.1 - EXHIBIT 10.1 - Qorvo, Inc. | exhibit10120160702.htm |
Exhibit 12.1
Qorvo, Inc.
Computation of Consolidated Ratio of Earning to Fixed Charges
(Unaudited)
($ in thousands)
Quarter Ended | Fiscal Year Ended | ||||||||||||||||||||||
July 2, 2016 | April 2, 2016 | March 28, 2015 | March 29, 2014 | March 30, 2013 | March 31, 2012 | ||||||||||||||||||
Pre-tax income (loss) from continuing operations * | $ | (9,668 | ) | $ | (2,862 | ) | $ | 121,240 | $ | 23,873 | $ | (25,899 | ) | $ | 15,628 | ||||||||
(Income) loss from equity investee | — | — | — | (2,146 | ) | 4 | (1,631 | ) | |||||||||||||||
Fixed charges | 19,328 | 33,203 | 5,424 | 10,411 | 10,257 | 13,773 | |||||||||||||||||
Capitalized interest | (2,967 | ) | (5,210 | ) | — | (899 | ) | (389 | ) | (345 | ) | ||||||||||||
Amortization of capitalized interest | 131 | 373 | 486 | 504 | 390 | 301 | |||||||||||||||||
Total adjusted earnings available for fixed charges | $ | 6,824 | $ | 25,504 | $ | 127,150 | $ | 31,743 | $ | (15,637 | ) | $ | 27,726 | ||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 14,867 | $ | 22,687 | $ | 837 | $ | 390 | $ | 739 | $ | 1,621 | |||||||||||
Capitalized interest | 2,967 | 5,210 | — | 899 | 389 | 345 | |||||||||||||||||
Amortization of discount and debt issuance costs | 320 | 629 | 584 | 5,593 | 5,793 | 9,376 | |||||||||||||||||
Portion of rent expense representing interest ** | 1,174 | 4,677 | 4,003 | 3,529 | 3,336 | 2,431 | |||||||||||||||||
Total fixed charges | $ | 19,328 | $ | 33,203 | $ | 5,424 | $ | 10,411 | $ | 10,257 | $ | 13,773 | |||||||||||
Consolidated ratio of earnings to fixed charges | N/A*** | N/A*** | 23.4x | 3.0x | N/A*** | 2.0x | |||||||||||||||||
* Information presented prior to January 1, 2015 does not include TriQuint's results of operations and as a result, the information may not be comparable. | |||||||||||||||||||||||
** The portion of operating rental expense that management believes is representative of the interest component of rent expense is estimated to be one-third of rental expense. | |||||||||||||||||||||||
*** Earnings for the quarter ended July 2, 2016 and the fiscal years ended April 2, 2016 and March 30, 2013 were inadequate to cover fixed charges by approximately $12.5 million, $7.7 million and $26.0 million, respectively. | |||||||||||||||||||||||