EXHIBIT 12.01
INTUIT, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
TEN NINE
YEAR MONTHS YEAR MONTHS
ENDED ENDED ENDED ENDED
SEPT. 30, JULY 31, JULY 31, APRIL 30,
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 $ 44,413
Fixed charges 1,056 934 3,278 4,828 5,395 3,877
--------- --------- --------- --------- --------- ---------
Total $ 15,826 $(180,559) $ (16,722) $ 6,698 $ 15,204 $ 48,290
========= ========= ========= ========= ========= =========
Fixed Charges:
Interest expense $ 79 $ 8 $ 232 $ 305 $ 652 $ 358
Portion of rent deemed to be interest 977 926 3,046 4,523 4,743 3,519
--------- --------- --------- --------- --------- ---------
Total $ 1,056 $ 934 $ 3,278 $ 4,828 $ 5,395 $ 3,877
========= ========= ========= ========= ========= =========
Ratio of earnings to fixed charges 14.99 (1) (2) (3) 2.82 12.45
========= ========= ========= ========= ========= =========
(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.