EXHIBIT 12.1
DELL INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six | ||||||||||||||||||||||||
Months Ended | Fiscal Year Ended | |||||||||||||||||||||||
July 30, | January 29, | January 30, | February 1, | February 2, | February 3, | |||||||||||||||||||
2010 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
(in millions, except ratios) | ||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 1,147 | $ | 2,024 | $ | 3,324 | $ | 3,827 | $ | 3,345 | $ | 4,608 | ||||||||||||
Add: fixed charges adjusted for capitalized interest | 107 | 191 | 132 | 84 | 71 | 52 | ||||||||||||||||||
Add: minority interest | - | - | - | 29 | 23 | 27 | ||||||||||||||||||
Total | $ | 1,254 | $ | 2,215 | $ | 3,456 | $ | 3,940 | $ | 3,439 | $ | 4,687 | ||||||||||||
Fixed Charges(a) | ||||||||||||||||||||||||
Interest expense | $ | 93 | $ | 160 | $ | 93 | $ | 45 | $ | 45 | $ | 29 | ||||||||||||
Capitalized interest | - | - | - | - | - | - | ||||||||||||||||||
Estimate of interest in rent expense | 14 | 31 | 39 | 39 | 26 | 23 | ||||||||||||||||||
Total | $ | 107 | $ | 191 | $ | 132 | $ | 84 | $ | 71 | $ | 52 | ||||||||||||
Ratio of earnings to fixed charges | 12 | 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. |