EX-12.01 2 googexhibit1201q42017.htm COMPUTATION OF EARNINGS TO FIXED CHARGE RATIOS Exhibit
Exhibit 12.01


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
Year Ended December 31,
(In millions, except ratios)
 
2013
 
2014
 
2015
 
2016
 
2017
Earnings:
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations
 
$
15,899

 
$
17,259

 
$
19,651

 
$
24,150

 
$
27,193

Adjustments:
 
 
 
 
 
 
 
 
 
 
Add: Fixed charges
 
258

 
307

 
349

 
423

 
534

Subtract: Capitalized interest
 
0

 
0

 
0

 
0

 
(48
)
Earnings and fixed charges (net of capitalized interest)
 
$
16,157

 
$
17,566

 
$
20,000

 
$
24,573

 
$
27,679

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense and amortization of capitalized expenses related to indebtedness
 
$
83

 
$
101

 
$
104

 
$
124

 
$
109

Capitalized interest
 
0

 
0

 
0

 
0

 
48

Estimated interest component included in rent expense
 
175

 
206

 
245

 
299

 
377

Total fixed charges
 
$
258

 
$
307

 
$
349

 
$
423

 
$
534

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
63

 
57

 
57

 
58

 
52