Attached files
| file | filename |
|---|---|
| 10-K - 10-K - MICROSOFT CORP | d187868d10k.htm |
| EX-32.2 - EX-32.2 - MICROSOFT CORP | d187868dex322.htm |
| EX-32.1 - EX-32.1 - MICROSOFT CORP | d187868dex321.htm |
| EX-31.2 - EX-31.2 - MICROSOFT CORP | d187868dex312.htm |
| EX-31.1 - EX-31.1 - MICROSOFT CORP | d187868dex311.htm |
| EX-23.1 - EX-23.1 - MICROSOFT CORP | d187868dex231.htm |
| EX-21 - EX-21 - MICROSOFT CORP | d187868dex21.htm |
| EX-10.1 - EX-10.1 - MICROSOFT CORP | d187868dex101.htm |
Exhibit 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| (In millions, except ratios) | ||||||||||||||||||||
| Year Ended June 30, | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
|
Earnings (a) |
||||||||||||||||||||
| Earnings from continuing operations before income taxes |
$ | 19,751 | $ | 18,507 | $ | 27,820 | $ | 27,052 | $ | 22,267 | ||||||||||
| Add: Fixed charges |
1,326 | 867 | 674 | 489 | 435 | |||||||||||||||
| Add: Cash distributions from equity method investments |
12 | 1 | 54 | 71 | 74 | |||||||||||||||
| Subtract: Income (loss) from equity method investments |
(25 | ) | (78 | ) | (152 | ) | (99 | ) | 27 | |||||||||||
| Total Earnings |
$ | 21,114 | $ | 19,453 | $ | 28,700 | $ | 27,711 | $ | 22,749 | ||||||||||
| Fixed Charges (b) |
||||||||||||||||||||
| Interest expense |
$ | 1,185 | $ | 756 | $ | 577 | $ | 394 | $ | 345 | ||||||||||
| Capitalized debt related expenses |
58 | 25 | 20 | 35 | 35 | |||||||||||||||
| Interest component of rental expense |
82 | 86 | 77 | 60 | 55 | |||||||||||||||
| Total Fixed Charges |
$ | 1,325 | $ | 867 | $ | 674 | $ | 489 | $ | 435 | ||||||||||
| Ratio of Earnings to Fixed Charges |
16 | 22 | 43 | 57 | 52 | |||||||||||||||
| (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. |