EX - 12
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In millions, except ratios)
Years Ended
----------------------------------------------------
Dec. 30, Dec. 28, Dec. 27, Dec. 26, Dec. 25,
1995 1996 1997 1998 1999
-------- -------- -------- -------- --------
Income before taxes $5,638 $7,934 $10,659 $9,137 $11,228
Add - Fixed charges net of
capitalized interest 38 41 43 49 63
------ ------ ------- ------ -------
Income before taxes and fixed
charges (net of capitalized interest) $5,676 $7,975 $10,702 $9,186 $11,291
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Fixed charges:
Interest* $ 29 $ 25 $ 27 $ 34 $ 36
Capitalized interest 46 33 9 6 5
Estimated interest component
of rental expense 9 16 16 15 27
------ ------ ------- ------ -------
Total $ 84 $ 74 $ 52 $ 55 $ 68
====== ====== ======= ====== ========
Ratio of earnings before taxes
and fixed charges, to fixed
charges 68x 108x 206x 167x 166x
* Interest expense includes the amortization of underwriting fees for the
relevant periods outstanding.
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