EX-12.1 3 f89259a2exv12w1.txt EXHIBIT 12.1 . . . EXHIBIT 12.01 INTUIT INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
SIX YEARS ENDED JULY 31, MONTHS --------------------- ENDED JAN 31, 1998 1999 2000 2001 2002 2003 ---- ---- ---- ---- ---- ---- (In thousands, except ratios) Earnings:................................ Income (loss) from continuing operations before income taxes...... $(5,098) $629,588 $542,241 $(137,133) $70,549 $ 94,858 Fixed charges....................... 2,433 3,968 10,235 9,996 8,826 3,931 ------ ------- ------- ------- ------ ------ Total ......................... $ (2,665) $633,556 $552,476 $(127,137) $79,375 $ 98,789 ====== ======= ======= ======= ====== ====== Fixed charges:........................... Interest expense.................... $ 100 $ 986 $ 4,376 $ 2,780 $ 1,372 $ 354 Portion of rent deemed to be interest 2,333 2,982 5,859 7,216 7,454 3,577 ------ ------- ------- ------- ------ ------ Total ......................... $ 2,433 $ 3,968 $ 10,235 $ 9,996 $ 8,826 $ 3,931 ====== ======= ======= ======= ====== ====== Ratio of earnings to fixed charges........ (1) 159.65 53.98 (2) 8.99 25.13
(1) Earnings were inadequate to cover fixed charges by $7,531. (2) Earnings were inadequate to cover fixed charges by $147,129.