Exhibit 12.1
INTEL CORPORATION 2004 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. 30, 2000 |
Dec. 29, 2001 |
Dec. 28, 2002 |
Dec. 27, 2003 |
Dec. 25, 2004 | |||||||||||
Income before taxes |
$ | 15,141 | $ | 2,183 | $ | 4,204 | $ | 7,442 | $ | 10,417 | |||||
AddFixed charges net of capitalized interest |
82 | 125 | 133 | 105 | 98 | ||||||||||
Income before taxes and fixed charges (net of capitalized interest) |
$ | 15,223 | $ | 2,308 | $ | 4,337 | $ | 7,547 | $ | 10,515 | |||||
Fixed charges: |
|||||||||||||||
Interest |
$ | 35 | $ | 56 | $ | 84 | $ | 62 | $ | 50 | |||||
Capitalized interest |
7 | 5 | 1 | | | ||||||||||
Estimated interest component of rental expense |
47 | 69 | 49 | 43 | 48 | ||||||||||
Total |
$ | 89 | $ | 130 | $ | 134 | $ | 105 | $ | 98 | |||||
Ratio of earnings before taxes and fixed charges, to fixed charges |
171x | 18x | 32x | 72x | 107x |