Intel 1995 Annual Report Download - page 16

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EXHIBIT 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In millions, except ratios)
* Interest expense includes the amortization of underwriting fees for the relevant periods outstanding.
Years Ended
----------------------------------------------------
Dec. 28, Dec. 26, Dec. 25, Dec. 31, Dec. 30,
1991 1992 1993 1994 1995
-------- -------- -------- -------- --------
Income before taxes $1,195 $1,569 $3,530 $3,603 $5,638
Add - Fixed charges net of
capitalized interest 98 68 58 66 38
------ ------ ------ ------ ------
Income before taxes and
fixed charges (net of
capitalized interest) $1,293 $1,637 $3,588 $3,669 $5,676
====== ====== ====== ====== ======
Fixed charges:
Interest* $ 82 $ 54 $ 50 $ 57 $ 29
Capitalized interest 6 11 8 27 46
Estimated interest component
of rental expense 16 14 8 9 9
------ ------ ------ ------ ------
Total $ 104 $ 79 $ 66 $ 93 $ 84
====== ====== ====== ====== ======
Ratio of earnings before taxes
and fixed charges, to fixed
charges 12.4x 20.7x 54.4x 39.5x 67.6x