EXHIBIT 12 QUANTUM CORPORATION STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Year Ended March 31, ------------------------------------------------ 1996 1997 1998 1999 2000 --------- -------- -------- ------- -------- Income (loss) before income taxes....................... $(141,338) $200,696 $230,815 $ (185) $ 89,170 Add fixed charges............ 48,226 56,669 41,711 38,117 39,310 --------- -------- -------- ------- -------- Earnings (as defined)...... $ (93,112) $257,365 $272,526 $37,932 $128,480 ========= ======== ======== ======= ======== Fixed charges Interest expense........... $ 35,904 $ 47,882 $ 32,753 $27,481 $ 28,385 Amortization of debt issuance costs............ 2,427 (i) (i) (i) (i) Estimated interest component of rent expenses.................. 9,895 8,787 8,958 10,636 10,925 --------- -------- -------- ------- -------- Total fixed charges.......... $ 48,226 $ 56,669 $ 41,711 $38,117 $ 39,310 ========= ======== ======== ======= ======== Ratio of earnings to fixed charges..................... (ii) 4.5 6.5 (iii) 3.3 ======== ======== ========
- -------- (i)In 1997, 1998, 1999, and 2000, the amortization of debt issuance costs is included in interest expense. (ii)Earnings (as defined) for fiscal year 1996 were insufficient to cover fixed charges by $141.3 million. (iii)Earnings (as defined) for fiscal year 1999 were insufficient to cover fixed charges by $0.2 million.