EX-12 4 c71091exv12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS Eli Lilly and Company
 

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)

                                                 
    Six Months                                          
    Ended                                          
    June 30,     Years Ended December 31,  
    2002     2001     2000     1999     1998     1997  
   
Consolidated pretax income from continuing operations before extraordinary item
   $ 1,650.9     $ 3,552.1     $ 3,858.7     $ 3,245.5     $ 2,665.0     $ 2,901.1  
 
Interest from continuing operations and other fixed charges
     66.6       208.1       225.4       213.1       198.3       253.1  
 
Less interest capitalized during the period from continuing operations
     (33.1 )     (61.5 )     (43.1 )     (29.3 )     (17.0 )     (20.4 )
 
  
 
Earnings
   $ 1,684.4     $ 3,698.7     $ 4,041.0     $ 3,429.2     $ 2,846.3     $ 3,133.8  
 
  
 
Fixed charges1
   $ 66.6     $ 208.1     $ 225.4     $ 213.2     $ 200.5     $ 256.8  
 
  
 
Ratio of earnings to fixed charges
     25.3       17.8       17.9       16.1       14.2       12.2  
 
  

  1 Fixed charges include interest from continuing operations for all years presented and preferred stock dividends for 1997 through 1999.