Exhibit 12

 

 

INTEL CORPORATION 2002 FORM 10-K

 

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION

 

(In millions, except ratios)

 

 

 

Years Ended

 

 

 

Dec. 26,

 

Dec. 25,

 

Dec. 30,

 

Dec. 29,

 

Dec. 28,

 

 

 

1998

 

1999

 

2000

 

2001

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before taxes

 

$

9,137

 

$

11,228

 

$

15,141

 

$

2,183

 

$

4,204

 

 

 

 

 

 

 

 

 

 

 

 

 

Add - Fixed charges net of capitalized interest

 

49

 

63

 

82

 

125

 

133

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before taxes and fixed charges (net of capitalized interest)

 

$

9,186

 

$

11,291

 

$

15,223

 

$

2,308

 

$

4,337

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

34

 

$

36

 

$

35

 

$

56

 

$

84

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

6

 

5

 

7

 

5

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated interest component of rental expense

 

15

 

27

 

47

 

69

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

55

 

$

68

 

$

89

 

$

130

 

$

134

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

167

x

166

x

171

x

18

x

32

x