EX-12.1 2 intcex12110q9282013.htm EXHIBIT 12.1 INTC ex12.1 10Q 9.28.2013


Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
Nine Months Ended
(Dollars in Millions)
Sep 28,
2013
 
Sep 29,
2012
 
 
 
 
 
 
 
 
 
 
 
 
Earnings1 
$
9,212

 
$
11,809

Adjustments:
 
 
 
 
Add - Fixed charges
395

 
267

 
Subtract - Capitalized interest
(176
)
 
(171
)
Earnings and fixed charges (net of capitalized interest)
$
9,431

 
$
11,905

 
 
 
 
 
 
Fixed charges:
 
 
 
 
Interest2 
$
189

 
$
66

 
Capitalized interest
176

 
171

 
Estimated interest component of rental expense
30

 
30

Total
$
395

 
$
267

 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
24x

 
45x


1 After adjustments required by Item 503(d) of Regulation S-K.
2 Interest within provision for taxes on the consolidated condensed statements of income is not included.