EX-12.1 4 ex12112312016q4.htm EXHIBIT 12.1
Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES

|  | Years Ended
(Dollars in Millions, Except Ratios) |  | Dec 31, 2016 |  | Dec 26, 2015 |  | Dec 27, 2014 |  | Dec 28, 2013 |  | Dec 29, 2012
Earnings 1 |  | $ | 13,007 |  |  | $ | 14,495 |  |  | $ | 16,031 |  |  | $ | 12,814 |  |  | $ | 15,057 |
Adjustments: |  |  |  |  |  |  |  |  |  |
Add - Fixed charges |  | 907 |  |  | 629 |  |  | 499 |  |  | 529 |  |  | 362 |
Subtract - Capitalized interest |  | (135 | ) |  | (258 | ) |  | (276 | ) |  | (246 | ) |  | (240 | )
Earnings and fixed charges (net of capitalized interest) |  | $ | 13,779 |  |  | $ | 14,866 |  |  | $ | 16,254 |  |  | $ | 13,097 |  |  | $ | 15,179 |
Fixed charges: |  |  |  |  |  |  |  |  |  |
Interest 2 |  | $ | 733 |  |  | $ | 337 |  |  | $ | 192 |  |  | $ | 244 |  |  | $ | 90 |
Capitalized interest |  | 135 |  |  | 258 |  |  | 276 |  |  | 246 |  |  | 240 |
Estimated interest component of rental expense |  | 39 |  |  | 34 |  |  | 31 |  |  | 39 |  |  | 32 |
Total |  | $ | 907 |  |  | $ | 629 |  |  | $ | 499 |  |  | $ | 529 |  |  | $ | 362 |
Ratio of earnings before taxes and fixed charges, to fixed charges |  | 15x |  |  | 24x |  |  | 33x |  |  | 25x |  |  | 42x |

1 After adjustments required by Item 503(d) of Regulation S-K.
2 Interest within provision for taxes on the consolidated statements of income is not included.