EX-12.1 6 ex12_1.htm EXHIBIT 12.1 ex12_1.htm
EXHIBIT 12.1
 
 
ADOBE SYSTEMS INCORPORATED
 
Consolidated Ratio of Earnings to Fixed Charges and
Consolidated Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
 
 

(in thousands, except ratios)
  
Year Ended
   
December 3, 2010
  
November 27, 2009
  
November 28, 2008
  
November 30, 2007
  
December 1, 2006
Earnings:
                    
Income before provision for income taxes
$
943,151
$
701,520
$
1,078,508
$
947,190
$
679,727
Add: fix charges
  
82,953
  
29,395
  
41,108
  
27,838
  
22,487
Total earnings
$
1,026,104
$
730,915
$
1,119,616
$
975,028
$
702,214
                     
Total fixed charges(*) 
$
82,953
$
29,395
$
41,108
$
27,838
$
22,487
                     
Ratio of earnings to fixed charges
  
12.4
  
24.9
  
27.2
  
35.0
  
31.2
_________________________________________
(*)
Fixed charges consist of interest charges, the amortization of debt issuance costs and an estimate of interest as a component of rental expense.
 
Currently, we have no shares of preferred stock outstanding and we have not paid any dividends on preferred stock in the periods presented. Therefore, the ratios of earnings to combined fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.