EX-12.1 3 masi-20171230x10kex121.htm RATIO OF EARNING TO FIXED CHARGES
Exhibit 12.1

Masimo Corporation Ratio of Earnings to Fixed Charges (Dollars in thousands)
|  | Fiscal Year Ended
|  | December 30, 2017 |  | December 31, 2016 |  | January 2, 2016 |  | January 3, 2015 |  | December 28, 2013
Ratio of earnings to fixed charges: |  |  |  |  |  |  |  |  |
Income before provision for income taxes | $ | 199,374 |  |  | $ | 418,341 |  |  | $ | 116,345 |  |  | $ | 102,041 |  |  | $ | 75,726 |
Fixed charges | 3,316 |  |  | 5,140 |  |  | 5,523 |  |  | 3,381 |  |  | 2,705 |
Noncontrolling interests in pre-tax (income) loss | — |  |  | — |  |  | 1,757 |  |  | 2,350 |  |  | 607 |
Total earnings | $ | 202,690 |  |  | $ | 423,481 |  |  | $ | 123,625 |  |  | $ | 107,772 |  |  | $ | 79,038 |
Fixed charges |  |  |  |  |  |  |  |  |
Interest expensed | $ | 678 |  |  | $ | 3,261 |  |  | 3,493 |  |  | $ | 594 |  |  | $ | 28 |
Estimate of interest within rental expense | 2,638 |  |  | 1,879 |  |  | 2,030 |  |  | 2,787 |  |  | 2,677 |
Total fixed charges | $ | 3,316 |  |  | $ | 5,140 |  |  | $ | 5,523 |  |  | $ | 3,381 |  |  | $ | 2,705 |
Ratio of earnings to fixed charges: | 61.12 |  |  | 82.39 |  |  | 22.38 |  |  | 31.88 |  |  | 29.22 |

In the periods presented, there were no shares of preferred stock outstanding and no dividends paid on preferred stock. Therefore, the ratios of earnings to fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.