Attached files
file | filename |
---|---|
10-K - FORM 10-K - MICROSOFT CORP | d722626d10k.htm |
EXCEL - IDEA: XBRL DOCUMENT - MICROSOFT CORP | Financial_Report.xls |
EX-23.1 - EXHIBIT 23.1 - MICROSOFT CORP | d722626dex231.htm |
EX-31.2 - EXHIBIT 31.2 - MICROSOFT CORP | d722626dex312.htm |
EX-31.1 - EXHIBIT 31.1 - MICROSOFT CORP | d722626dex311.htm |
EX-32.1 - EXHIBIT 32.1 - MICROSOFT CORP | d722626dex321.htm |
EX-3.2 - EXHIBIT 3.2 - MICROSOFT CORP | d722626dex32.htm |
EX-21 - EXHIBIT 21 - MICROSOFT CORP | d722626dex21.htm |
EX-32.2 - EXHIBIT 32.2 - MICROSOFT CORP | d722626dex322.htm |
Exhibit 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In millions, except ratios) | ||||||||||||||||||||
Year Ended June 30, | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings (a) |
||||||||||||||||||||
Earnings from continuing operations before income taxes |
$ | 27,820 | $ | 27,052 | $ | 22,267 | $ | 28,071 | $ | 25,013 | ||||||||||
Add: Fixed charges |
674 | 489 | 435 | 349 | 207 | |||||||||||||||
Add: Cash distributions from equity method investments |
54 | 71 | 74 | 14 | 14 | |||||||||||||||
Subtract: Income (loss) from equity method investments |
(152 | ) | (99 | ) | 27 | 110 | 18 | |||||||||||||
Total Earnings |
$ | 28,700 | $ | 27,711 | $ | 22,749 | $ | 28,324 | $ | 25,216 | ||||||||||
Fixed Charges (b) |
||||||||||||||||||||
Interest expense |
$ | 577 | $ | 394 | $ | 345 | $ | 264 | $ | 146 | ||||||||||
Capitalized debt related expenses |
20 | 35 | 35 | 31 | 5 | |||||||||||||||
Interest component of rental expense |
77 | 60 | 55 | 54 | 56 | |||||||||||||||
Total Fixed Charges |
$ | 674 | $ | 489 | $ | 435 | $ | 349 | $ | 207 | ||||||||||
Ratio of Earnings to Fixed Charges |
43 | 57 | 52 | 81 | 122 |
(a) | Earnings represent earnings from continuing operations before income taxes and before income (losses) from equity method investments plus: (1) fixed charges; and (2) cash distributions from equity method investments. |
(b) | Fixed charges include: (1) interest expense; (2) capitalized debt issuance costs; and (3) the portion of operating rental expense which management believes is representative of the interest component of rental expense. |