EXHIBIT 12.01
INTUIT INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE
YEARS ENDED JULY 31, MONTHS
--------------------- ENDED
OCT 31,
1998 1999 2000 2001 2002 2002
---- ---- ---- ---- ---- ----
(In thousands, except ratios)
Earnings:................................
Income (loss) from continuing
operations before income taxes...... $(15,312) $624,820 $538,728 $(130,552) $84,939 $(86,059)
Fixed charges....................... 3,150 4,630 10,953 10,738 9,406 1,920
------ ------- ------- ------- ------ ------
Total ......................... $(12,162) $629,450 $549,681 $(119,814) $94,345 $(84,139)
====== ======= ======= ======= ====== ======
Fixed charges:...........................
Interest expense.................... $ 432 $ 1,239 $ 4,563 $ 3,080 $ 1,542 $ 29
Portion of rent deemed to be interest 2,718 3,391 6,390 7,658 7,864 1,891
------ ------- ------- ------- ------ ------
Total ......................... $ 3,150 $ 4,630 $ 10,953 $ 10,738 $ 9,406 $ 1,920
====== ======= ======= ======= ====== ======
Ratio of earnings to fixed charges........ (1) 135.95 50.19 (2) 10.03 (3)
(1) Earnings were inadequate to cover fixed charges by $15,312.
(2) Earnings were inadequate to cover fixed charges by $130,552.
(3) Earnings were inadequate to cover fixed charges by $86,059.