EX-12.1 3 exhibit121_042911.htm EX-12.1 Exhibit 12.1_042911
 

EXHIBIT 12.1
 
DELL INC.
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
Three Months Ended
 
Fiscal Year Ended
 
 
April 29,
2011
 
January 28,
2011
 
January 29, 2010
 
January 30, 2009
 
February 1,
2008
 
February 2,
2007
 
 
(in millions, except ratios)
Earnings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations
 
$
1,170
 
 
$
3,350
 
 
$
2,024
 
 
$
3,324
 
 
$
3,827
 
 
$
3,345
 
Add: Fixed Charges
 
71
 
 
228
 
 
191
 
 
132
 
 
84
 
 
71
 
Add: Noncontrolling interest
 
—
 
 
—
 
 
—
 
 
—
 
 
29
 
 
23
 
Total
 
$
1,241
 
 
$
3,578
 
 
$
2,215
 
 
$
3,456
 
 
$
3,940
 
 
$
3,439
 
Fixed Charges(a) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
62
 
 
$
199
 
 
$
160
 
 
$
93
 
 
$
45
 
 
$
45
 
Estimate of interest in rent expense
 
9
 
 
29
 
 
31
 
 
39
 
 
39
 
 
26
 
Total
 
$
71
 
 
$
228
 
 
$
191
 
 
$
132
 
 
$
84
 
 
$
71
 
Ratio of Earnings to Fixed Charges
 
17
 
 
16
 
 
12
 
 
26
 
 
47
 
 
49
 
____________________________
(a)
Fixed charges included in the calculation of this ratio consist of: (i) interest expensed, plus (ii) a reasonable estimation of the interest factor included in rental expense, plus (iii) interest capitalized (when applicable).