Adobe (ADBE) S-3ASR Automatic shelf registration

EXHIBIT 12.1

ADOBE SYSTEMS INCORPORATED

Consolidated Ratio of Earnings to Fixed Charges and

Consolidated Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

	Year Ended
(in thousands, except ratios)	November 30 2012	December 2, 2011	December 3, 2010	November 27, 2009	November 28, 2008
Earnings
Income before provision for income taxes	1,118,794	1,035,230	943,151	701,520	1,078,508
Add: Fixed charges	94,721	94,511	82,953	29,395	41,108
Total earnings	1,213,515	1,129,741	1,026,104	730,915	1,119,616
Fixed Charges(1)	94,721	94,511	82,953	29,395	41,108
Ratio of earnings to fixed charges	12.8	12.0	12.4	24.9	27.2

(1) Fixed charges consist of interest expense, the amortization of debt issuance costs and an estimate of interest as a component of rental expense.

Currently, we have no shares of preferred stock outstanding and we have not paid any dividends on preferred stock in the periods presented. Therefore, the ratios of earnings to combined fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.