EX-12 4 c75275exv12.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings
 

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

Eli Lilly and Company and Subsidiaries
(Dollars in millions)

                                         
    Years Ended December 31,
   
    2002   2001   2000   1999   1998
   
 
 
 
 
Consolidated pretax income from continuing operations before extraordinary item
   $ 3,457.7     $ 3,552.1     $ 3,858.7     $ 3,245.4     $ 2,665.0  
Interest from continuing operations and other fixed charges
     140.0       208.1       225.4       213.1       198.3  
Less interest capitalized during the period from continuing operations
     (60.3 )     (61.5 )     (43.1 )     (29.3 )     (17.0 )
     
     
     
     
     
 
Earnings
   $ 3,537.4     $ 3,698.7     $ 4,041.0     $ 3,429.2     $ 2,846.3  
     
     
     
     
     
 
Fixed charges1
   $ 140.0     $ 208.1     $ 225.4     $ 213.2     $ 200.5  
     
     
     
     
     
 
Ratio of earnings to fixed charges
     25.3       17.8       17.9       16.1       14.2  
     
     
     
     
     
 

    1 Fixed charges include interest from continuing operations for all years presented and preferred stock dividends for 1998 and 1999.