EX-12.1 3 exhibit121statementregardi.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit

Exhibit 12.1

EMC CORPORATION
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
  
 
 
 
 
 
 
 
 
 
 
  
 
Year Ended December 31,
  
 
2015
 
2014
 
2013
 
2012
 
2011
Computation of Earnings: 
 
 
 
 
 
 
 
 
 
 
Income before provision for taxes and cumulative effect of a change in accounting principle
 
 
 
 
 
 
 
 
 
 
 
$2,882
 
$3,762
 
$3,865
 
$3,804
 
$3,249
Fixed charges    
 
313
 
267
 
265
 
182
 
272
Total earnings    
 
$3,195
 
$4,029
 
$4,130
 
$3,986
 
$3,521
  
 
 
 
 
 
 
 
 
 
 
Computation of Fixed Charges: 
 
 
 
 
 
 
 
 
 
 
Interest expense    
 
$164
 
$147
 
$156
 
$79
 
$170
Estimate of interest within rental expense(1)   
 
149
 
120
 
109
 
103
 
101
Total fixed charges    
 
$313
 
$267
 
$265
 
$182
 
$271
  
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges    
 
10.22x
 
15.11x
 
15.61x
 
21.95x
 
12.96x
  
 
 
 
 
 
 
 
 
 
 
(1) Estimate of interest within rental expense is calculated under the assumption that 1/3 of rent expense is representative of interest costs.