Intel 1996 Annual Report Download - page 41

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1 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. 26, Dec. 25, Dec. 31, Dec. 30, Dec. 28,
1992 1993 1994 1995 1996
-------- -------- -------- -------- -------
Income before taxes $1,569 $3,530 $3,603 $5,638 $7,934
Add - Fixed charges net of
capitalized interest 68 58 66 38 41
------ ------ ------ ------ ------
Income before taxes
and fixed charges
(net of capitalized
interest) $1,637 $3,588 $3,669 $5,676 $7,975
====== ====== ====== ====== ======
Fixed charges:
Interest* $ 54 $ 50 $ 57 $ 29 $ 25
Capitalized interest 11 8 27 46 33
Estimated interest component
of rental expense 14 8 9 9 16
------ ------ ------ ------ ------
Total $ 79 $ 66 $ 93 $ 84 $ 74
====== ====== ====== ====== ======
Ratio of earnings before taxes
and fixed charges, to fixed
charges 20.7x 54.4x 39.5x 67.6x 107.8x