EX-12 6 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES Statement regarding Computation of Ratio of Earnings to Combined Fixed Charges

 

Exhibit 12

 

RAYTHEON COMPANY

 

Statement Regarding Computation of

Ratio of Earnings to Combined Fixed Charges

and Preferred Stock Dividends

(dollar amounts in millions except for ratio)

(excludes RE&C and AIS for all periods

except for interest, which includes RE&C and AIS)

 

     At December 31,
     2001(1)    2002    2003    2004    2005

Income from continuing operations before taxes per statements of income

         1,076    762    579    1,440

Add:

                         

Fixed charges

         658    625    507    405

Amortization of capitalized interest

         2    1    1    1

Less:

                         

Capitalized interest

         —    —    —    —

Income as adjusted

         1,736    1,388    1,087    1,846

Fixed charges:

                         

Portion of rents representative of interest factor

         82    88    89    93

Interest on indebtedness

         576    537    418    312

Capitalized interest

         —    —    —    —

Fixed charges

         658    625    507    405

Equity security unit distributions

         15    15    5    —

Combined fixed charges and preferred stock dividends

         673    640    512    405
Ratio of earnings to combined fixed charges and preferred stock dividends         2.6    2.2    2.1    4.6
(1) Financial data for 2001 previously included in Exhibit 12 has been omitted for the reasons discussed in Part II Item 6 Selected Financial Data included in this report.