EX-12 4 c78678exv12.htm EX-12 COMPUTATION OF RATIO OF EARNINGS TO 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)

                                                   
      Six Months                                        
      Ended                                        
      June 30,   Years Ended December 31,
      2003   2002   2001   2000   1999   1998
     
 
 
 
 
 
Consolidated pretax income from continuing operations
   $ 1,381.8     $ 3,457.7     $ 3,506.9     $ 3,858.7     $ 3,245.4     $ 2,653.0  
Interest from continuing operations and other fixed charges
     62.1       140.0       253.3       225.4       213.1       210.3  
Less interest capitalized during the period from continuing operations
     (26.7 )     (60.3 )     (61.5 )     (43.1 )     (29.3 )     (17.0 )
 
 
    
     
     
     
     
     
 
Earnings
   $ 1,417.2     $ 3,537.4     $ 3,698.7     $ 4,041.0     $ 3,429.2     $ 2,846.3  
 
 
    
     
     
     
     
     
 
Fixed charges 1
   $ 62.1     $ 140.0     $ 253.3     $ 225.4     $ 213.2     $ 212.5  
 
 
    
     
     
     
     
     
 
Ratio of earnings to fixed charges
     22.8       25.3       14.6       17.9       16.1       13.4  
 
 
    
     
     
     
     
     
 

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