EX-12 4 googexhibit12q32016.htm COMPUTATION OF EARNINGS TO FIXED CHARGE RATIOS Exhibit
Exhibit 12


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
Year Ended December 31,
 
Nine Months Ended
September 30,
(In millions, except ratios)
 
2011
 
2012
 
2013
 
2014
 
2015
 
2016
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations
 
$
12,326

 
$
14,469

 
$
15,899

 
$
17,259

 
$
19,651

 
$
17,293

Add:
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
185

 
233

 
258

 
307

 
349

 
309

Pre-tax income from continuing operations plus fixed charges
 
$
12,511

 
$
14,702

 
$
16,157

 
$
17,566

 
$
20,000

 
$
17,602

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense and amortization of capitalized expenses related to indebtedness
 
58

 
$
84

 
$
83

 
$
101

 
$
104

 
$
91

Estimated interest component included in rent expense
 
127

 
149

 
175

 
206

 
245

 
218

Total fixed charges
 
$
185

 
$
233

 
$
258

 
$
307

 
$
349

 
$
309

Ratio of earnings to fixed charges
 
68

 
63

 
63

 
57

 
57

 
57