MICROSOFT CORP - FORM 10-K - EX-12 - July 31, 2015

Attached files

file filename
EX-21 - EX-21 - MICROSOFT CORPd918813dex21.htm
EX-32.1 - EX-32.1 - MICROSOFT CORPd918813dex321.htm
EX-31.2 - EX-31.2 - MICROSOFT CORPd918813dex312.htm
EX-23.1 - EX-23.1 - MICROSOFT CORPd918813dex231.htm
EX-31.1 - EX-31.1 - MICROSOFT CORPd918813dex311.htm
EX-32.2 - EX-32.2 - MICROSOFT CORPd918813dex322.htm
EX-10.14 - EX-10.14 - MICROSOFT CORPd918813dex1014.htm
EX-10.18 - EX-10.18 - MICROSOFT CORPd918813dex1018.htm
10-K - 10-K - MICROSOFT CORPd918813d10k.htm
EX-10.25 - EX-10.25 - MICROSOFT CORPd918813dex1025.htm

 

Exhibit 12

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

(In millions, except ratios)                    
Year Ended June 30,    2015     2014     2013     2012     2011  

Earnings  (a)

                                         

Earnings from continuing operations before income taxes

    $   18,507      $   27,820      $   27,052      $   22,267      $   28,071   

Add: Fixed charges

      867        674        489        435        349   

Add: Cash distributions from equity method investments

      1        54        71        74        14   

Subtract: Income (loss) from equity method investments

      (78 )      (152 )      (99 )      27        110   
 
 
 
 

Total Earnings

    $ 19,453      $ 28,700      $ 27,711      $ 22,749      $ 28,324   
    
 
 
 
 

Fixed Charges (b)

                                         

Interest expense

    $ 756      $ 577      $ 394      $ 345      $ 264   

Capitalized debt related expenses

      25        20        35        35        31   

Interest component of rental expense

      86        77        60        55        54   
 
 
 
 

Total Fixed Charges

    $ 867      $ 674      $ 489      $ 435      $ 349   
    
 
 
 
 

Ratio of Earnings to Fixed Charges

      22        43        57        52        81   

 

(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.

MICROSOFT CORP Reports