EX-12.1 2 intcex12110q3292014.htm EXHIBIT 12.1 INTC ex12.1 10Q 3.29.2014


Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
(Dollars in Millions)
 
Q1 2014
 
Q1 2013
Earnings1 
 
$
2,718

 
$
2,496

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
124

 
137

 
Subtract - Capitalized interest
 
(77
)
 
(54
)
Earnings and fixed charges (net of capitalized interest)
 
$
2,765

 
$
2,579

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
37

 
$
73

 
Capitalized interest
 
77

 
54

 
Estimated interest component of rental expense
 
10

 
10

Total
 
$
124

 
$
137

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
22x

 
19x


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.