Intel 2013 Annual Report Download - page 132

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Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
Years Ended
(Dollars in Millions, Except Ratios) Dec 28,
2013 Dec 29,
2012 Dec 31,
2011 Dec 25,
2010 Dec 26,
2009
Earnings1 $ 12,814 $ 15,057 $ 18,068 $ 16,221 $ 5,887
Adjustments:
Add - Fixed charges 529 362 226 181 136
Subtract - Capitalized interest (246) (240) (150) (134) (86)
Earnings and fixed charges (net of capitalized interest) $ 13,097 $ 15,179 $ 18,144 $ 16,268 $ 5,937
Fixed charges:
Interest2 $ 244 $ 90 $ 41 $ — $ 1
Capitalized interest 246 240 150 134 86
Estimated interest component of rental expense 39 32 35 47 49
Total $ 529 $ 362 $ 226 $ 181 $ 136
Ratio of earnings before taxes and fixed charges, to
fixed charges
25x 42x 80x 90x 44x
1 After adjustments required by Item 503(d) of Regulation S-K.
2 Interest within provision for taxes on the consolidated statements of income is not included.