Google 2015 Annual Report Download - page 119
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Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31,
(In millions, except ratios) 2011 2012 2013 2014 2015
Earnings:
Pre-tax income from
continuing operations $ 12,326 $ 14,469 $ 15,899 $ 17,259 $ 19,651
Add:
Fixed charges 185 233 258 307 349
Pre-tax income from
continuing operations
plus fixed charges $ 12,511 $ 14,702 $ 16,157 $ 17,566 $ 20,000
Fixed charges:
Interest expense and
amortization of capitalized
expenses related to
indebtedness $58 $ 84 $ 83 $ 101 $ 104
Estimated interest
component included in rent
expense 127 149 175 206 245
Total fixed charges $ 185 $ 233 $ 258 $ 307 $ 349
Ratio of earnings to fixed
charges 68 63 63 57 57