EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Cisco Systems, Inc.

Ratio of earnings to fixed charges

(in millions, except ratio)

 

     Six Months
Ended		      Year Ended  
     January 29,
2011		      July 31,
2010		      July 25,
2009		      July 26,
2008		      July 28,
2007		      July 29,
2006		  

Earnings before income taxes, minority interest and cumulative effect of accounting changes

    $ 4,155       $ 9,415       $ 7,693       $ 10,255       $ 9,461       $ 7,633   

Fixed charges

      388         732         444         406         443         202   
                                                     

Earnings

    $ 4,543       $ 10,147       $ 8,137       $ 10,661       $ 9,904       $ 7,835   
                                                     

Fixed charges (a)

    $ 388       $ 732         444       $ 406       $ 443       $ 202   
                                                     

RATIO OF EARNINGS TO FIXED CHARGES

      11.7         13.9         18.3         26.2         22.4         38.7   

 

(a) Included in fixed charges is an estimate of the interest within rental expense. This amount includes 30 percent of the rental expense, which Cisco Systems, Inc. believes is a reasonable approximation of the interest component of rental expense.