EX-12 4 c89319exv12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12. STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS FROM CONTINUING
OPERATIONS TO FIXED CHARGES

(Unaudited)

ELI LILLY AND COMPANY AND SUBSIDIARIES
(Dollars in millions)

                                                 
    Nine Months    
    Ended   Years Ended December 31,
    September 30,  
    2004
   2003
   2002
   2001
   2000
   1999
Consolidated pretax income from continuing operations
   $ 2,421.9     $ 3,261.7     $ 3,457.7     $ 3,506.9     $ 3,858.7     $ 3,245.4  
Interest from continuing operations and other fixed charges
     115.3       121.9       140.0       253.3       225.4       213.1  
Less interest capitalized during the period from continuing operations
     (80.0 )     (60.9 )     (60.3 )     (61.5 )     (43.1 )     (29.3 )
 
    
 		      
 		      
 		      
 		      
 		      
 		  
Earnings
   $ 2,457.2     $ 3,322.7     $ 3,537.4     $ 3,698.7     $ 4,041.0     $ 3,429.2  
 
    
 		      
 		      
 		      
 		      
 		      
 		  
Fixed charges 1
   $ 115.3     $ 121.9     $ 140.0     $ 253.3     $ 225.4     $ 213.2  
 
    
 		      
 		      
 		      
 		      
 		      
 		  
Ratio of earnings to fixed charges
     21.3       27.3       25.3       14.6       17.9       16.1  
 
    
 		      
 		      
 		      
 		      
 		      
 		  

1 Fixed charges include interest from continuing operations for all years presented and preferred stock dividends for 1999.