EXHIBIT 12.1
ADOBE SYSTEMS INCORPORATED
Consolidated Ratio of Earnings to Fixed Charges and
Consolidated Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
Year Ended | |||||||||||
(in thousands, except ratios) | November 30 2012 | December 2, 2011 | December 3, 2010 | November 27, 2009 | November 28, 2008 | ||||||
Earnings | |||||||||||
Income before provision for income taxes | 1,118,794 | 1,035,230 | 943,151 | 701,520 | 1,078,508 | ||||||
Add: Fixed charges | 94,721 | 94,511 | 82,953 | 29,395 | 41,108 | ||||||
Total earnings | 1,213,515 | 1,129,741 | 1,026,104 | 730,915 | 1,119,616 | ||||||
Fixed Charges(1) | 94,721 | 94,511 | 82,953 | 29,395 | 41,108 | ||||||
Ratio of earnings to fixed charges | 12.8 | 12.0 | 12.4 | 24.9 | 27.2 | ||||||
(1) | Fixed charges consist of interest expense, the amortization of debt issuance costs and an estimate of interest as a component of rental expense. |
Currently, we have no shares of preferred stock outstanding and we have not paid any dividends on preferred stock in the periods presented. Therefore, the ratios of earnings to combined fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.