MICROSOFT CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - January 28, 2010

Attached files

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EXCEL - IDEA: XBRL DOCUMENT - MICROSOFT CORPFinancial_Report.xls
EX-3.2 - BYLAWS OF MICROSOFT CORPORATION - MICROSOFT CORPdex32.htm
EX-3.1 - AMENDED AND RESTATED ARTICLES OF INCORPORATION OF MICROSOFT CORPORATION - MICROSOFT CORPdex31.htm
EX-15 - LETTER REGARDING UNAUDITED INTERIM FINANCIAL INFORMATION - MICROSOFT CORPdex15.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - MICROSOFT CORPdex312.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - MICROSOFT CORPdex322.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - MICROSOFT CORPdex321.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - MICROSOFT CORPdex311.htm
10-Q - QUARTERLY REPORT ON FORM 10-Q - MICROSOFT CORPd10q.htm
EX-10.20 - RESIGNATION AGREEMENT BETWEEN CHRISTOPHER LIDDELL AND MICROSOFT CORP. - MICROSOFT CORPdex1020.htm

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(In millions, except ratios)   

Six Months

Ended
December 31,

    

Fiscal Year Ended June 30,

  
          2009     2009     2008     2007     2006     2005  

Earnings (1) :

                                                      

Earnings from continuing operations before income taxes

         $     13,648      $   19,821      $   23,814      $   20,101      $   18,262      $   16,628    

Add: Fixed charges

           104        88        151        271        331        247   

Add: Cash distributions from equity method investments

           8        85        10        —        51        11   

Subtract: Income from equity method investments

           11        81        62        62        (161 )      19   
 
 
 
 
 

Total Earnings

         $ 13,749      $ 19,913      $ 23,913      $ 20,310      $ 18,805      $ 16,867   
         
 
 
 
 
 

Fixed Charges (2) :

                                                      

Interest expense

         $ 74      $ 38      $ 106      $ 230      $ 295      $ 209   

Capitalized debt related expenses

           2        —        —        —        —        —   

Interest component of rent expense

           28        50        45        41        36        38   
 
 
 
 
 

Total Fixed Charges

         $ 104      $ 88      $ 151      $ 271      $ 331      $ 247   
         
 
 
 
 
 

Ratio of Earnings to Fixed Charges

           132        226        158        75        57        68   
 
 
 
 
 

 

(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.

MICROSOFT CORP Reports

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