Attached files
| file | filename |
|---|---|
| EX-32.2 - EX 32.2 - CFO CERTIFICATION TO SECTION 906 - WESTERN DIGITAL CORP | wdc-2019q1ex322.htm |
| EX-32.1 - EX 32.1 - CEO CERTIFICATION TO SECTION 906 - WESTERN DIGITAL CORP | wdc-2019q1ex321.htm |
| EX-31.2 - EX 31.2 - CFO CERTIFICATION TO SECTION 302 - WESTERN DIGITAL CORP | wdc-2019q1ex312.htm |
| EX-31.1 - EX 31.1 - CEO CERTIFICATION TO SECTION 302 - WESTERN DIGITAL CORP | wdc-2019q1ex311.htm |
| EX-10.4 - EX 10.4 - EMPLOYEE STOCK UNIT AWARD - WESTERN DIGITAL CORP | wdc-2019q1ex104.htm |
| EX-10.3 - EX 10.3 - VP RESTRICTED STOCK UNIT AWARD - WESTERN DIGITAL CORP | wdc-2019q1ex103.htm |
| EX-10.2 - EX 10.2 - LTI PERFORMANCE UNIT FORM - TSR - WESTERN DIGITAL CORP | wdc-2019q1ex102.htm |
| EX-10.1 - EX 10.1 - LTI PERFORMANCE UNIT FORM - FINANCIAL - WESTERN DIGITAL CORP | wdc-2019q1ex101.htm |
| 10-Q - Q1'19 FORM 10-Q - WESTERN DIGITAL CORP | wdc-2019q110xqdoc.htm |
Exhibit 12.1
Western Digital Corporation
Computation of Ratio of Earnings to Fixed Charges
Fiscal Year | Three months ended September 28, 2018 | ||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||||||
(in millions) | |||||||||||||||||||||||
Computation of earnings: | |||||||||||||||||||||||
Income before provision for income taxes | $ | 1,752 | $ | 1,577 | $ | 153 | $ | 769 | $ | 2,085 | $ | 583 | |||||||||||
Fixed charges | 75 | 69 | 285 | 871 | 692 | 120 | |||||||||||||||||
Undistributed equity in income from 50%-or-less-owned affiliates | — | — | (1 | ) | (6 | ) | (3 | ) | (3 | ) | |||||||||||||
Adjusted earnings | $ | 1,827 | $ | 1,646 | $ | 437 | $ | 1,634 | $ | 2,774 | $ | 700 | |||||||||||
Computation of fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 56 | $ | 49 | $ | 266 | $ | 847 | $ | 676 | $ | 116 | |||||||||||
Interest relating to lease guarantee of 50%-or-less-owned affiliates | — | — | — | 6 | — | — | |||||||||||||||||
Estimated interest portion of operating lease expense (1) | 19 | 20 | 19 | 18 | 16 | 4 | |||||||||||||||||
Fixed charges | $ | 75 | $ | 69 | $ | 285 | $ | 871 | $ | 692 | $ | 120 | |||||||||||
Ratio of earnings to fixed charges | 24.4 | x | 23.9 | x | 1.5 | x | 1.9 | x | 4.0 | x | 5.8 | 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. |