Exhibit 12.1
Cisco Systems, Inc.
Ratio of earnings to fixed charges
(in millions, except ratio)
Six Months Ended | Year Ended | |||||||||||||||||||||||
January 29, 2011 | July 31, 2010 | July 25, 2009 | July 26, 2008 | July 28, 2007 | July 29, 2006 | |||||||||||||||||||
Earnings before income taxes, minority interest and cumulative effect of accounting changes | $ | 4,155 | $ | 9,415 | $ | 7,693 | $ | 10,255 | $ | 9,461 | $ | 7,633 | ||||||||||||
Fixed charges | 388 | 732 | 444 | 406 | 443 | 202 | ||||||||||||||||||
Earnings | $ | 4,543 | $ | 10,147 | $ | 8,137 | $ | 10,661 | $ | 9,904 | $ | 7,835 | ||||||||||||
Fixed charges (a) | $ | 388 | $ | 732 | 444 | $ | 406 | $ | 443 | $ | 202 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 11.7 | 13.9 | 18.3 | 26.2 | 22.4 | 38.7 |
(a) | Included in fixed charges is an estimate of the interest within rental expense. This amount includes 30 percent of the rental expense, which Cisco Systems, Inc. believes is a reasonable approximation of the interest component of rental expense. |