Dell 2009 Annual Report Download - page 115

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EXHIBIT 12.1
DELL INC.
RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Year Ended
January 29, January 30, February 1, February 2, February 3,
2010 2009 2008 2007 2006
(in millions, except ratios)
Earnings
Pre-tax income from continuing operations $ 2,024 $ 3,324 $ 3,827 $ 3,345 $ 4,608
Add: Fixed Charges adjusted for capitalized interest 191 132 84 71 52
Add: Minority Interest - - 29 23 27
Total $ 2,215 $ 3,456 $ 3,940 $ 3,439 $ 4,687
Fixed Charges(a)
Interest Expense $ 160 $ 93 $ 45 $ 45 $ 29
Capitalized interest - - - - -
Estimate of interest in rent expense 31 39 39 26 23
Total $ 191 $ 132 $ 84 $ 71 $ 52
Ratio of Earnings to Fixed Charges 12 26 47 49 90
(a) Fixed charges mean the amounts resulting from the following: (i) our interest expensed including amortization of capitalized interest, plus (ii) our interest
capitalized, plus (iii) a reasonable estimation of the interest factor included in rental expense.