Exhibit 12.01
ORACLE CORPORATION
Consolidated Ratio of Earnings to Fixed Charges
| Nine Months Ended | Year Ended May 31, | |||||||||||||||||||||||||||
| (Dollars in millions) |
February 28, 2013 |
February 29, 2012 |
2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||||
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Earnings(1) |
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| Income before provision for income taxes |
$ | 9,072 | $ | 8,579 | $ | 12,962 | $ | 11,411 | $ | 8,243 | $ | 7,834 | $ | 7,834 | ||||||||||||||
| Add: Noncontrolling interests |
93 | 88 | 119 | 97 | 95 | 84 | 60 | |||||||||||||||||||||
| Add: Fixed charges |
629 | 620 | 827 | 875 | 808 | 685 | 454 | |||||||||||||||||||||
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| Total earnings |
$ | 9,794 | $ | 9,287 | $ | 13,908 | $ | 12,383 | $ | 9,146 | $ | 8,603 | $ | 8,348 | ||||||||||||||
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| Fixed Charges(2) |
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| Interest expense |
$ | 588 | $ | 574 | $ | 766 | $ | 808 | $ | 754 | $ | 630 | $ | 394 | ||||||||||||||
| Estimate of interest in rent expense |
41 | 46 | 61 | 67 | 54 | 55 | 60 | |||||||||||||||||||||
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| Total fixed charges |
$ | 629 | $ | 620 | $ | 827 | $ | 875 | $ | 808 | $ | 685 | $ | 454 | ||||||||||||||
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| Ratio of earnings to fixed charges |
16x | 15x | 17x | 14x | 11x | 13x | 18x | |||||||||||||||||||||
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| (1) | The term “earnings” means the amounts resulting from the following: (a) our income before provision for income taxes, plus (b) the noncontrolling interests in the net income of our majority owned subsidiaries, plus (c) our fixed charges. |
| (2) | The term “fixed charges” means the amounts resulting from the following: (a) our interest expensed, plus (b) our estimate of the interest component of rent expense. |
We do not report any shares of preferred stock outstanding in our consolidated financial statements because our outstanding preferred stock is owned by one or more of our wholly-owned subsidiaries. Our ratio of earnings to combined fixed charges and preferred dividends for any given period is equivalent to our ratio of earnings to fixed charges.