EX-12 2 lly-6302016x10qxexhibit12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


EXHIBIT 12. Statement Re: Computation of Ratio of Earnings to Fixed Charges
ELI LILLY AND COMPANY AND SUBSIDIARIES
(Dollars in millions)
 
 
 
Six Months Ended
June 30,
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
 
2011
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
Consolidated pretax income
 
$
1,511.3

 
$
2,790.0

 
$
3,000.3

 
$
5,889.3

 
$
5,408.2

 
$
5,349.5

Interest (1)
 
114.0

 
216.0

 
187.1

 
184.2

 
198.8

 
211.7

Less interest capitalized during the period
 
(27.4
)
 
(54.8
)
 
(38.3
)
 
(24.1
)
 
(21.0
)
 
(25.7
)
Earnings
 
$
1,597.9

 
$
2,951.2

 
$
3,149.1

 
$
6,049.4

 
$
5,586.0

 
$
5,535.5

Fixed charges
 
$
114.0

 
$
216.0

 
$
187.1

 
$
184.2

 
$
198.8

 
$
211.7

Ratio of earnings to fixed charges
 
14.0

 
13.7

 
16.8

 
32.8

 
28.1

 
26.1

(1) 
Interest is based upon interest expense reported as such in the consolidated condensed statements of operations and does not include any interest related to unrecognized tax benefits, which is included in income tax expense.