MICROSOFT CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 23, 2009

Attached files
FileFilename
10-Q - FORM 10-Q - MICROSOFT CORPd10q.htm
EX-15 - LETTER REGARDING UNAUDITED INTERIM FINANCIAL INFORMATION - MICROSOFT CORPdex15.htm
EX-31.2 - CERTIFICATIONS OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - MICROSOFT CORPdex312.htm
EX-31.1 - CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - MICROSOFT CORPdex311.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - MICROSOFT CORPdex321.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - MICROSOFT CORPdex322.htm

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(In millions, except ratios)                                     

Three Months

Ended

September 30,

     Fiscal Year Ended June 30,
  
2009     2009     2008     2007     2006     2005  

Earnings (1):

                                                 

Earnings from continuing operations before income taxes

    $     8,438      $    20,363      $    22,271      $    18,438      $    16,380      $    14,576   

Add: Fixed charges

      69        108        151        271        331        247   

Add: Cash distributions from equity method investments

      4        85        10        —        51        11   

Subtract: Income from equity method investments

      4        81        62        62        —        —   
 
 
 
 
 

Total Earnings:

    $ 8,507      $ 20,475      $ 22,370      $ 18,647      $ 16,762      $ 14,834   
    
 
 
 
 
 

Fixed Charges (2):

                                                 

Interest expense

    $ 37      $ 38      $ 106      $ 230      $ 295      $ 209   

Capitalized debt issuances costs

      19        20        —        —        —        —   

Interest component of rent expense

      13        50        45        41        36        38   
 
 
 
 
 

Total Fixed Charges:

    $ 69      $ 108      $ 151      $ 271      $ 331      $ 247   
    
 
 
 
 
 

Ratio of Earnings to Fixed Charges

      123        190        148        69        51        60   

 

(1)

Earnings represent earnings from continuing operations before income taxes and before income (losses) from equity method investments plus: (a) fixed charges; and (b) cash distributions from equity method investments.

 

(2)

Fixed charges include: (a) interest expense; (b) capitalized debt issuance costs; and (c) the portion of operating rental expense which management believes is representative of the interest component of rent expense.

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