EX-12 36 w56437ex12.txt STATEMENT RE COMPUTATION OF RATIOS Exhibit 12
GENERAL DYNAMICS CORPORATION RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions) Nine Months Ended Year Ended December 31, September 30, 2001 2000 1999 1998 1997 1996 -------------------- ------- -------- -------- -------- -------- Earnings Before Income Taxes and Fixed Charges............................ 1,111 1,359 1,201 959 734 492 Fixed Charges: Interest expense................... 14 14 28 40 35 22 Amortization of debt discount...... 35 58 25 - - - Estimate of interest element of rental expense................. 21 25 22 15 10 13 ----------------------------------------------------------------------------------------- Total fixed charges.................... 70 97 75 55 45 35 Ratio of earnings to fixed charges..... 15.9:1 14.0:1 16.0:1 17.4:1 16.3:1 14.1:1 =========================================================================================