EX-12 3 a09302012-exhibit12.htm EXHIBIT 12 09.30.2012- Exhibit 12


EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
The Boeing Company and Subsidiaries
(Dollars in millions)
 
 
 
Nine months ended
September 30, 2012

 
 
 
 
 
 
 
 
 
 
  
 
 
Years ended December 31,
2011

 
2010

 
2009

 
2008

 
2007

Earnings before income taxes
 

$4,375

 

$5,393

 

$4,507

 

$1,731

 

$3,995

 

$6,118

Fixed charges excluding capitalized interest
 
456

 
677

 
726

 
564

 
492

 
557

Amortization of previously capitalized interest
 
49

 
64

 
60

 
61

 
50

 
58

Net adjustment for earnings from affiliates
 
61

 
(38
)
 
(11
)
 
(10
)
 
(10
)
 
(28
)
Earnings available for fixed charges
 

$4,941

 

$6,096

 

$5,282

 

$2,346

 

$4,527

 

$6,705

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest and debt expense (1)
 

$415

 

$626

 

$676

 

$514

 

$425

 

$491

Interest capitalized during the period
 
58

 
57

 
48

 
90

 
99

 
117

Rentals deemed representative of an interest factor
 
41

 
51

 
50

 
50

 
67

 
66

Total fixed charges
 

$514

 

$734

 

$774

 

$654

 

$591

 

$674

Ratio of earnings to fixed charges
 
9.6

 
8.3

 
6.8

 
3.6

 
7.7

 
9.9

(1) 
Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Statements of Comprehensive Income.