QUANTUM CORPORATION
EXHIBIT 12
STATEMENT OF COMPUTATION OF RATIOS
OF EARNINGS TO FIXED CHARGES
Years Ended March 31,
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(In thousands) 1997 1996 1995 1994 1993
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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.