EX-12 9 rtn-12312013xexx12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES RTN-12.31.2013-EX-12


Exhibit 12
 
RAYTHEON COMPANY
 
STATEMENT REGARDING COMPUTATION OF
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(income excludes discontinued operations for all periods)
 
 
 
Year Ended December 31,
(In millions, except ratio)
 
2013

 
2012

 
2011
 
2010
 
2009
Pretax income from continuing
   operations attributable to Raytheon
   Company common stockholders*
 
$
2,740

 
$
2,788

 
$
2,613

 
$
2,390

 
$
2,896

Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
296

 
291

 
265

 
233

 
223

Amortization of capitalized interest
 
4

 
4

 
5

 
4

 
4

Less:
 
 
 
 
 
 
 
 
 
 
Capitalized interest
 
3

 
4

 
3

 
3

 
3

Income as adjusted
 
$
3,037

 
$
3,079

 
$
2,880

 
$
2,624

 
$
3,120

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Portion of rents representative of
   interest factor
 
$
83

 
$
86

 
$
90

 
$
104

 
$
97

Interest on indebtedness
 
210

 
201

 
172

 
126

 
123

Capitalized interest
 
3

 
4

 
3

 
3

 
3

Fixed charges
 
$
296

 
$
291

 
$
265

 
$
233

 
$
223

Ratio of earnings to fixed charges
 
10.3

 
10.6

 
10.9

 
11.3

 
14.0


*Net of adjustment for earnings from affiliates