EXHIBIT 12.1 RATIO QUALCOMM INCORPORATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO AMOUNTS)
- -------------------------------------------------------------------------------------------------------------- Q1 FISCAL YEARS 1997 1996 1995 1994 1993 1992 - -------------------------------------------------------------------------------------------------------------- Income from operations before Income taxes 12,168 26,627 39,880 17,313 13,258 (2,283) Add (deduct) Fixed charges 2,969 6,132 4,037 3,241 3,094 676 Capitalized interest (147) (319) (642) Amortization of capitalized interest 69 53 21 Net losses related to certain 50% or less owned affiliates 198 1,261 Minority interest in consolidated affiliates 3,320 (13,178) (12,016) (2,893) ---------------------------------------------------------------- Adjusted earnings 18,379 19,315 31,280 17,661 16,550 (346) ================================================================ Fixed charges: Interest on indebtedness and amortization of deferred financing costs 2,131 3,673 2,906 2,025 2,013 -- Portions of rents representative of the interest factor 838 2,459 1,131 1,216 1,081 676 Debt service guarantee interest expense of unconsolidated affiliates ---------------------------------------------------------------- Total Fixed Charges 2,969 6,132 4,037 3,241 3,094 676 ================================================================ RATIO OF EARNINGS TO FIXED CHARGES 6.2 3.1 7.7 5.4 5.3 X
X As a result of the loss incurred in 1992, the Company was unable to fully cover the indicated fixed charges.