EX-12.1 7 exhibit121statementregardi.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Statement Regarding Computation of Ratio of Earnings to Fixed Charges (3) (1)

Exhibit 12.1

EMC CORPORATION
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
  
 
 
 
 
 
 
 
 
 
 
  
 
Year Ended December 31,
  
 
2014
 
2013
 
2012
 
2011
 
2010
Computation of Earnings: 
 
 
 
 
 
 
 
 
 
 
Income before provision for taxes and cumulative effect of a change in accounting principle
 
 
 
 
 
 
 
 
 
 
 
$3,762
 
$3,865
 
$3,804
 
$3,249
 
$2,608
Fixed charges    
 
267
 
265
 
182
 
272
 
268
Total earnings    
 
$4,029
 
$4,130
 
$3,986
 
$3,521
 
$2,876
  
 
 
 
 
 
 
 
 
 
 
Computation of Fixed Charges: 
 
 
 
 
 
 
 
 
 
 
Interest expense    
 
$147
 
$156
 
$79
 
$170
 
$178
Estimate of interest within rental expense(1)   
 
120
 
109
 
103
 
101
 
90
Total fixed charges    
 
$267
 
$265
 
$182
 
$271
 
$268
  
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges    
 
15.11x
 
15.61x
 
21.95x
 
12.96x
 
10.73x
  
 
 
 
 
 
 
 
 
 
 
(1) Estimate of interest within rental expense is calculated under the assumption that 1/3 of rent expense is representative of interest costs.