EX-12 5 a2102588zex-12.txt EX-12 Exhibit 12 Abbott Laboratories Computation of Ratio of Earnings to Fixed Charges (Unaudited) (dollars in millions except ratios)
2002 2001 2000 1999 1998 ---------------------------------------------------------------- NET EARNINGS $2,794 $1,550 $2,786 $2,446 $2,334 ADD (DEDUCT) Income Taxes 880 333 1,030 951 908 Capitalized interest cost, net of amoritization 8 (6) (3) (1) 1 Minority interest 18 17 8 8 7 NET EARNINGS AS ADJUSTED $3,700 $1,894 $3,821 $3,404 $3,250 FIXED CHARGES Interest on long-term and short-term debt 239 307 114 145 160 Capitalized interest cost 8 22 18 13 14 Rental expense represenative of an interest factor 59 50 48 44 40 ---------------------------------------------------------------- TOTAL FIXED CHARGES 306 379 180 202 214 ---------------------------------------------------------------- TOTAL ADJUSTED EARNINGS AVAILABLE FOR PAYMENT OF FIXED CHARGES 4,006 $2,273 $4,001 $3,606 $3,464 ================================================================ RATIO OF EARNINGS TO FIXED CHARGES 13.1 6.0 22.2 17.9 16.2 ================================================================