EXHIBIT 12.01
Published on March 7, 2007
Exhibit 12.01
INTUIT INC.
Statements re Computation of Ratios
Statements re Computation of Ratios
| Six Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| Fiscal Year Ended July 31, | January 31, | |||||||||||||||||||||||
| (In thousands, except ratios) | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Income from continuing operations
before income taxes (1) |
$ | 70,469 | $ | 387,499 | $ | 451,199 | $ | 554,962 | $ | 609,988 | $ | 135,025 | ||||||||||||
Fixed charges |
5,742 | 5,782 | 5,491 | 4,503 | 5,595 | 3,126 | ||||||||||||||||||
Total |
$ | 76,211 | $ | 393,281 | $ | 456,690 | $ | 559,465 | $ | 615,583 | $ | 138,151 | ||||||||||||
Fixed charges: |
||||||||||||||||||||||||
Interest expense |
$ | 1,349 | $ | 890 | $ | 314 | $ | 375 | $ | 232 | $ | 166 | ||||||||||||
Interest portion of rent expense |
4,393 | 4,892 | 5,177 | 4,128 | 5,363 | 2,960 | ||||||||||||||||||
Total |
$ | 5,742 | $ | 5,782 | $ | 5,491 | $ | 4,503 | $ | 5,595 | $ | 3,126 | ||||||||||||
Ratio of earnings to fixed charges |
13.27 | 68.02 | 83.17 | 124.24 | 110.02 | 44.19 | ||||||||||||||||||
| (1) | Income from continuing operations before income taxes excludes (a) minority interest and (b) the companys share in the income and losses of less-than-fifty percent owned affiliates. |