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
--------- --------- -------- -------- ------- --------
(In thousands, except ratios)
Earnings:
Income (loss) from continuing operations
before income taxes ..................... $14,770 $(181,493) $(20,000) $1,870 $ 9,809 $48,618
Fixed charges ............................. 1,056 934 3,278 4,828 5,395 2,931
------- --------- -------- ------ ------- -------
Total ................................... $15,826 $(180,559) $(16,722) $6,698 $15,204 $51,549
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Fixed charges:
Interest expense .......................... $ 79 $ 8 $ 232 $ 305 $ 652 $ 234
Portion of rent deemed representative
of interest ............................. 977 926 3,046 4,523 4,743 2,463
------- --------- -------- ------ ------- -------
Total ................................... $ 1,056 $ 934 $ 3,278 $4,828 $ 5,395 $ 2,931
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Ratio of earnings to fixed charges .......... 14.99 (1) (2) (3) 2.82 17.59
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(1) Earnings were inadequate to cover fixed charges by $181,493.
(2) Earnings were inadequate to cover fixed charges by $20,000.
(3) Earnings were inadequate to cover fixed charges by $1,870.