Exhibit 12.1
DELL INC. - RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | Fiscal Year Ended | |||||||||||||||||
January 30, | February 1, | February 2, | February 3, | January 28, | ||||||||||||||
May 1, 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||
(in millions, except ratio) | ||||||||||||||||||
Earningsa | ||||||||||||||||||
Pre-tax income from continuing operations | $ | 412 | $ | 3,324 | $ | 3,827 | $ | 3,345 | $ | 4,608 | $ | 4,403 | ||||||
Add: fixed charges adjusted for capitalized interest | 37 | 132 | 84 | 71 | 52 | 35 | ||||||||||||
Add: minority interest | — | — | 29 | 23 | 27 | 17 | ||||||||||||
TOTAL EARNINGS | $ | 449 | $ | 3,456 | $ | 3,940 | $ | 3,439 | $ | 4,687 | $ | 4,455 | ||||||
Fixed Chargesb | ||||||||||||||||||
Interest expense | $ | 29 | $ | 93 | $ | 45 | $ | 45 | $ | 29 | $ | 15 | ||||||
Capitalized interest | — | — | — | — | — | — | ||||||||||||
Estimate of interest in rent expense | 8 | 39 | 39 | 26 | 23 | 20 | ||||||||||||
TOTAL FIXED CHARGES | $ | 37 | $ | 132 | $ | 84 | $ | 71 | $ | 52 | $ | 35 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 12 | 26 | 47 | 49 | 90 | 128 | ||||||||||||
(a) Earnings means the amounts resulting from the following: (a) our pre-tax income from continuing operations, plus (b) our fixed charges adjusted for capitalized interest but including amortization of capitalized interest, plus (c) our minority interests (b) Fixed charges means the amounts resulting from the following: (a) our interest expensed, plus (b) our interest capitalized, plus (c) a reasonable estimation of the interest factor included in rental expense. | ||||||||||||||||||
Total rental expense | 24 | 116 | 118 | 78 | 70 | 60 | ||||||||||||
Interest factor - one-third of rental expense | 8 | 39 | 39 | 26 | 23 | 20 |