Form: 10-K

Annual report pursuant to Section 13 and 15(d)

February 27, 2015

Exhibit 12.1

TTM TECHNOLOGIES, INC.

Computation of Ratio of Earnings to Fixed Charges

 

     Year Ended  
     December 29,
2014
    December 30,
2013
    December 31,
2012
    December 31,
2011
    December 31,
2010
 
     (In thousands)  

Fixed Charges:

          

Interest expense

   $ 23,830      $ 24,031      $ 25,784      $ 26,504      $ 22,255   

Interest capitalized

     551        1,125        1,774        1,828        1,522   

Estimated interest within rental expense

     1,244        1,121        1,034        994        1,043   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

  25,625      26,277      28,592      29,326      24,820   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings:

Net income (loss)

  14,693      23,893      (181,100   47,227      79,899   

Fixed charges per above

  25,625      26,277      28,592      29,326      24,820   

Income tax provision

  7,598      15,879      12,728      26,005      28,738   

Less: capitalized interest

  (551   (1,125   (1,774   (1,828   (1,522

Amortization of interest capitalized

  316      325      278      235      181   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

  47,681      65,249      (141,276   100,965      132,116   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of fixed charges

  1.9x      2.5x      n/a (1)    3.4x      5.3x   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Earnings were not sufficient to cover fixed charges for period indicated. Additional earnings of $169,868 for the year ended December 31, 2012 would have been required to achieve a ratio of 1:1.