Exhibit 12.1
Cisco Systems, Inc.
Ratio of earnings to fixed charges
(in millions)
Year ended | |||||||||||||||
July 25, 2009 | July 26, 2008 | July 28, 2007 | July 29, 2006 | July 30, 2005 | |||||||||||
Earnings before income taxes, noncontrolling interest and cumulative effect of accounting changes | $ | 7,693 | $ | 10,255 | $ | 9,461 | $ | 7,633 | $ | 8,036 | |||||
Fixed charges | 444 | 406 | 443 | 202 | 54 | ||||||||||
Earnings | $ | 8,137 | $ | 10,661 | $ | 9,904 | $ | 7,835 | $ | 8,090 | |||||
Fixed charges (a) | $ | 444 | $ | 406 | $ | 443 | $ | 202 | $ | 54 | |||||
RATIO OF EARNINGS TO FIXED CHARGES | 18.3 | 26.2 | 22.4 | 38.7 | 150.6 |
(a) | Included in fixed charges is an estimate of the interest within rental expense. This amount includes 30 percent of the rental expense, which the Company believes is a reasonable approximation of the interest component of rental expense. |