EX-12.1 3 f50771exv12w1.htm STATEMENT SETTING FORTH THE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exv12w1
Exhibit 12.1
INTEL CORPORATION 2008 FORM 10-K
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In Millions, Except Ratios)
                                         
    Years Ended  
    Dec. 25, 2004     Dec. 31, 2005     Dec. 30, 2006     Dec. 29, 2007     Dec. 27, 2008  
Earnings1
   $ 10,417     $ 12,610     $ 7,068     $ 9,166     $ 8,002  
Adjustments:
                                        
Add — Fixed charges
     98       75       144       129       158  
Subtract — Capitalized interest
     —       (2 )     (60 )     (57 )     (86 )
 
                              
Earnings and fixed charges (net of capitalized interest)
   $ 10,515     $ 12,683     $ 7,152     $ 9,238     $ 8,074  
 
                              
 
                                        
Fixed charges:
                                        
Interest
   $ 50     $ 19     $ 24     $ 15     $ 8  
Capitalized interest
     —       2       60       57       86  
Estimated interest component of rental expense
     48       54       60       57       64  
 
                              
Total
   $ 98     $ 75     $ 144     $ 129     $ 158  
 
                              
 
                                        
Ratio of earnings before taxes and fixed charges, to fixed charges
     107x       169x       50x       72x       51x  
 
1   After adjustments required by Item 503(d) of the U.S. Securities and Exchange Commission Regulation S-K.