EXHIBIT 12.01
INTUIT INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
IN THOUSANDS, EXCEPT RATIOS
TEN
YEAR MONTHS
ENDED ENDED YEAR ENDED JULY 31,
SEPT. 30, JULY 31, -----------------------------------------------------
1993 1994 1995 1996 1997 1998
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Earnings:
Income (loss) from continuing operations
before income taxes $ 14,770 $(181,493) $ (20,000) $ 1,870 $ 9,809 $(19,823)
Fixed charges 1,056 934 3,278 4,828 5,395 5,315
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Total $ 15,826 $(180,559) $ (16,722) $ 6,698 $ 15,204 $(14,508)
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Fixed Charges:
Interest expense $ 79 $ 8 $ 232 $ 305 $ 652 $ 432
Portion of rent deemed to be interest 977 926 3,046 4,523 4,743 4,883
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Total $ 1,056 $ 934 $ 3,278 $ 4,828 $ 5,395 $ 5,315
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Ratio of earnings to fixed charges 14.99 (1) (2) (3) 2.82 (4)
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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.
(4) Earnings were inadequate to cover fixed charges by $19,823.