Intel 1998 Annual Report Download - page 32

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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. 31, Dec. 30, Dec. 28, Dec. 27, Dec. 26,
1994 1995 1996 1997 1998
-------- -------- -------- -------- --------
Income before taxes $3,603 $5,638 $7,934 $10,659 $9,137
Add - Fixed charges net
of capitalized interest 66 38 41 43 49
------ ------ ------ ------- ------
Income before taxes and
fixed charges (net of
capitalized interest) $3,669 $5,676 $7,975 $10,702 $9,186
====== ====== ====== ======= ======
Fixed charges:
Interest* $ 57 $ 29 $ 25 $ 27 $ 34
Capitalized interest 27 46 33 9 6
Estimated interest
component of rental
expense 9 9 16 16 15
------ ------ ------ ------- ------
Total $ 93 $ 84 $ 74 $ 52 $ 55
====== ====== ====== ======= ======
Ratio of earnings before
taxes and fixed charges,
to fixed charges 39x 68x 108x 206x 167x