EXHIBIT 12
INTEL CORPORATION 2001 FORM 10-K
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In millions, except ratios)
| |
Years Ended |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
Dec. 27, 1997 |
Dec. 26, 1998 |
Dec. 25, 1999 |
Dec. 30, 2000 |
Dec. 29, 2001 |
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| Income before taxes | $ | 10,659 | $ | 9,137 | $ | 11,228 | $ | 15,141 | $ | 2,183 | ||||||
Add - Fixed charges net of capitalized interest |
43 |
49 |
63 |
82 |
125 |
|||||||||||
Income before taxes and fixed charges (net of capitalized interest) |
$ |
10,702 |
$ |
9,186 |
$ |
11,291 |
$ |
15,223 |
$ |
2,308 |
||||||
Fixed charges: |
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Interest expense |
$ |
27 |
$ |
34 |
$ |
36 |
$ |
35 |
$ |
56 |
||||||
Capitalized interest |
9 |
6 |
5 |
7 |
5 |
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Estimated interest component of rental expense |
16 |
15 |
27 |
47 |
69 |
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Total |
$ |
52 |
$ |
55 |
$ |
68 |
$ |
89 |
$ |
130 |
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Ratio of earnings before taxes and fixed charges, to fixed charges |
206x |
167x |
166x |
171x |
18x |
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