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AMD Advanced Micro Devices

Filed: 9 Nov 10, 7:00pm

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

(dollars in millions)

 

Ratio of Earnings to Fixed Charges:

 

     Fiscal Year Ended

   Nine Month Ended

 
     Dec 26,
2009


   Dec 27,
2008


   Dec 29,
2007


   Dec 31,
2006


   Dec 31,
2005


   Sept 25,
2010


     Sept 26,
2009


 

Interest expense

     438     391     382     126     105     160       319  

Capitalized interest

     1     9     23     10     35     0       1  

Estimated interest portion of rent expense

     20     28     29     15     16     12       16  

Class B preferred accretion

     72     0     0     0     0     0       50  
     


  


  


  


  


  


    


Fixed charges

    $531    $428    $434    $151    $156    $172      $386  
     


  


  


  


  


  


    


Income (loss) from continuing operations before equity in net income (loss) of investees, income taxes and noncontrolling interest

     408     (2,344   (2,737   (40   30     581       (783

Fixed charges

     531     428     434     151     156     172       386  

Less: Class B preferred accretion

     (72   0     0     0     0     0       (50

Less: interest charges capitalized

     (1   (9   (23   (10   (35   0       (1
     


  


  


  


  


  


    


Earnings (loss)

    $866    $(1,925  $(2,326  $101    $151    $753      $(448
     


  


  


  


  


  


    


Ratio of earnings to fixed charges

     1.63     *     *     *     *     4.38       *  

 

*For the years ended December 27, 2008, December 29, 2007, December 31, 2006, December 31, 2005 and the nine months ended Sept 26, 2009, earnings were insufficient to cover fixed charges by approximately $2.4 billion, $2.8 billion, $50 million, $5 million and $834 million, respectively.