EX-12.1 6 a2089041zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES THE BOEING COMPANY AND SUBSIDIARIES (Dollars in millions)
Six months ended Years ended December 31, ------------------ --------------------------------------------------------- June 30, 2002 2001 2000 1999 1998 1997 ----------------------------------------------------------------------- --------------------------------------------------------- Earnings before federal taxes on income $ 1,956 $ 3,564 $ 2,999 $ 3,324 $ 1,397 $ (341) Fixed charges excluding capitalized interest 375 698 481 483 507 552 Amortization of previously capitalized interest 33 65 71 80 75 97 Net adjustment for earnings from affiliates (12) 11 (44) (8) (18) 4 ---------------------------------------------------------------------------------------------------------------------------------- EARNINGS AVAILABLE FOR FIXED CHARGES $ 2,352 $ 4,338 $ 3,507 $ 3,879 $ 1,961 $ 312 ================================================================================================================================== FIXED CHARGES: ---------------------------------------------------------------------------------------------------------------------------------- Interest expense $ 351 $ 650 $ 445 $ 431 $ 453 $ 513 Interest capitalized during the period 44 80 82 81 65 61 Rentals deemed representative of an interest factor 24 48 36 52 54 39 ---------------------------------------------------------------------------------------------------------------------------------- TOTAL FIXED CHARGES $ 419 $ 778 $ 563 $ 564 $ 572 $ 613 ================================================================================================================================== RATIO OF EARNINGS TO FIXED CHARGES 5.6 5.6 6.2 6.9 3.4 0.5 ==================================================================================================================================