Intel 2002 Annual Report Download - page 88

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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