EXHIBIT 12.01
INTUIT, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE
MONTHS
YEARS ENDED JULY 31, ENDED
-------------------- OCT 31,
1996 1997 1998 1999 2000 2000
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(In thousands, except ratios)
Earnings:
Income (loss) from continuing operations
before income taxes ...................... $ 5,001 $ 21,331 $ 1,100 $632,029 $512,710 $(78,945)
Fixed charges .............................. 5,309 6,059 6,769 9,140 17,758 4,349
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Total ................................. $ 10,310 $ 27,390 $ 7,869 $641,169 $530,468 $(74,596)
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Fixed charges:
Interest expense ........................... $ 305 $ 659 $ 466 $ 1,277 $ 4,572 $ 879
Portion of rent deemed to be interest ...... 5,004 5,400 6,303 7,863 13,186 3,470
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Total ................................. $ 5,309 $ 6,059 $ 6,769 $ 9,140 $ 17,758 $ 4,349
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Ratio of earnings to fixed charges .............. (1) 4.52 (2) 70.15 29.88 (3)
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(1) Earnings were inadequate to cover fixed charges by $5,001.
(2) Earnings were inadequate to cover fixed charges by $1,100.
(3) Earnings were inadequate to cover fixed charges by $78,945.