EX-12.1 2 intcex12110q6282014.htm EXHIBIT 12.1 INTC ex12.1 10Q 6.28.2014


Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
 
Six Months Ended
(Dollars in Millions)
 
Jun 28,
2014
 
Jun 29,
2013
Earnings1 
 
$
6,694

 
$
5,239

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
245

 
274

 
Subtract - Capitalized interest
 
(140
)
 
(121
)
Earnings and fixed charges (net of capitalized interest)
 
$
6,799

 
$
5,392

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
86

 
$
133

 
Capitalized interest
 
140

 
121

 
Estimated interest component of rental expense
 
19

 
20

Total
 
$
245

 
$
274

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
28x

 
20x


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.