EXHIBIT 12.01
INTUIT, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Ten Six
Year Months Years Ended Months
Ended Ended July 31, Ended
Sept. 30, July 31, ------------------------------- Jan. 31,
1993 1994 1995 1996 1997 1998
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(In thousands, except ratios)
Earnings: ...................................
Income before tax provision................ $14,770 $(181,493) $(20,000) $1,870 $ 9,809 $48,618
Fixed charges ............................. 268 188 812 1,181 1,569 705
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Total ................................... $15,038 $(181,305) $(19,188) $3,051 $12,559 $49,323
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Fixed charges: ..............................
Interest expense .......................... $ 79 $ 8 $ 232 $ 305 $ 652 $ 234
Portion of rent deemed to be interest ..... 189 180 580 876 917 471
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Total ................................... $ 268 $ 188 $ 812 $1,181 $ 1,569 $ 705
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Ratio of earnings to fixed charges .......... 56.17 (1) (2) 2.58 8.00 69.96
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(1) Earnings were inadequate to cover fixed charges by $181,117.
(2) Earnings were inadequate to cover fixed charges by $18,376.