QUALCOMM INC/DE - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - November 2, 2016

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EX-32.1 - EXHIBIT 32.1 - QUALCOMM INC/DEqcom92516ex321.htm
10-K - 10-K - QUALCOMM INC/DEqcom10-k2016.htm
EX-32.2 - EXHIBIT 32.2 - QUALCOMM INC/DEqcom92516ex322.htm
EX-31.2 - EXHIBIT 31.2 - QUALCOMM INC/DEqcom92516ex312.htm
EX-31.1 - EXHIBIT 31.1 - QUALCOMM INC/DEqcom92516ex311.htm
EX-23.1 - EXHIBIT 23.1 - QUALCOMM INC/DEqcom92516ex_231.htm
EX-21 - EXHIBIT 21 - QUALCOMM INC/DEqcom92516ex21.htm
EX-10.38 - EXHIBIT 10.38 - QUALCOMM INC/DEqcom92516ex_1038.htm
EX-10.37 - EXHIBIT 10.37 - QUALCOMM INC/DEqcom92516ex_1037.htm
EX-10.36 - EXHIBIT 10.36 - QUALCOMM INC/DEqcom92516ex_1036.htm


EXHIBIT 12.1
QUALCOMM Incorporated
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio data)
 
Year Ended
 
September 25, 2016
 
September 27, 2015
 
September 28, 2014
 
September 29, 2013
 
September 30, 2012
Earnings:
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and income (losses) from equity method investments
$
6,917

 
$
6,519

 
$
8,788

 
$
8,200

 
$
6,571

Fixed charges (1)
336

 
137

 
35

 
118

 
148

Cash distributions from equity method investments
—

 
6

 
—

 
1

 
1

Less: Capitalized interest
—

 
—

 
—

 
(65
)
 
(29
)
Total earnings
$
7,253

 
$
6,662

 
$
8,823

 
$
8,254

 
$
6,691

 
 
 
 
 
 
 
 
 
 
Fixed charges: (1)
 
 
 
 
 
 
 
 
 
Interest
$
297

 
$
104

 
$
5

 
$
88

 
$
119

Interest component of rental expense
39

 
33

 
30

 
30

 
29

Total fixed charges
$
336

 
$
137

 
$
35

 
$
118

 
$
148

Ratio of earnings to fixed charges
22 x

 
49 x

 
252 x

 
70 x

 
45 x

(1)
Fixed charges include interest expense (which includes amortization of debt issuance costs), whether expensed or capitalized, and the portion of operating rental expense that management believes is representative of the interest component of rent expense, which is estimated to be one-third of rental expense.






QUALCOMM INC/DE Reports