EX-12.1 8 d66204exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
DELL INC.
RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Fiscal Year Ended  
    January 30,     February 1,     February 2,     February 3,     January 28,  
    2009     2008     2007     2006     2005  
    (in millions, except ratio)
Earnings: (a)
                                        
Pre-tax income from continuing operations
   $ 3,324     $ 3,827     $ 3,345     $ 4,608     $ 4,403  
Add: fixed charges adjusted for capitalized interest
     132       84       71       52       35  
Add: minority interest
     -       29       23       27       17  
 
                              
Total earnings
   $ 3,456     $ 3,940     $ 3,439     $ 4,687     $ 4,455  
 
                              
 
                                        
Fixed Charges: (b)
                                        
Interest expense
   $ 93     $ 45     $ 45     $ 29     $ 15  
Capitalized interest
     -       -       -       -       -  
Estimate of interest in rent expense
     39       39       26       23       20  
 
                              
Total fixed charges
   $ 132     $ 84     $ 71     $ 52     $ 35  
 
                              
 
                                        
Ratio of Earnings to Fixed Charges
     26       47       49       90       128  
 
  (a)   Earnings mean the amounts resulting from the following: (i) our pre-tax income from continuing operations, plus (ii) our fixed charges adjusted for capitalized interest but including amortization of capitalized interest, plus (iii) our minority interests in the income of subsidiaries.
 
  (b)   Fixed charges mean the amounts resulting from the following: (i) our interest expensed, plus (ii) our interest capitalized, plus (iii) a reasonable estimation of the interest factor included in rental expense.