QUANTUM CORPORATION EXHIBIT 12 STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Years Ended March 31, ---------------------------------------------------------- (In thousands) 1997 1996 1995 1994 1993 ---------------------------------------------------------- Income (loss) before income taxes $ 200,696 $(141,338) $ 145,305 $ 3,663 $ 146,579 Add fixed charges 56,669 48,226 29,277 18,906 17,125 --------- --------- --------- --------- --------- Earnings (as defined) $ 257,365 $ (93,112) $ 174,582 $ 22,569 $ 163,704 ========= ========= ========= ========= ========= Fixed charges Interest expense $ 47,882 $ 35,904 $ 21,557 $ 14,305 $ 13,777 Amortization of debt issuance costs (ii) 2,427 1,458 577 586 Estimated interest component of rent expenses 8,787 9,895 6,262 4,024 2,762 --------- --------- --------- --------- --------- Total fixed charges $ 56,669 $ 48,226 $ 29,277 $ 18,906 $ 17,125 ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 4.5 (i) 6.0 1.2 9.6 ========= ========= ========= ========= (i) Earnings (as defined) for fiscal 1996 were insufficient to cover fixed charges by $141.3 million. (ii) In 1997 the amortization of debt issuance costs is included in interest expense.