EX-12 5 lly-20141231x10kexhibit12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES LLY-2014.12.31-10K Exhibit 12


EXHIBIT 12. Statement Re: Computation of Ratio of Earnings to Fixed Charges
ELI LILLY AND COMPANY AND SUBSIDIARIES

 
 
 
Years Ended December 31,
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
(Dollars in millions)
Consolidated pretax income
 
$
3,000.3

 
$
5,889.3

 
$
5,408.2

 
$
5,349.5

 
$
6,525.2

Interest(1)
 
187.1

 
184.2

 
198.8

 
211.7

 
211.5

Less interest capitalized during the period
 
(38.3
)
 
(24.1
)
 
(21.0
)
 
(25.7
)
 
(26.0
)
Earnings
 
$
3,149.1

 
$
6,049.4

 
$
5,586.0

 
$
5,535.5

 
$
6,710.7

Fixed charges
 
$
187.1

 
$
184.2

 
$
198.8

 
$
211.7

 
$
211.5

Ratio of earnings to fixed charges
 
16.8

 
32.8

 
28.1

 
26.1

 
31.7


1 
Interest is based upon interest expense reported as such in the consolidated statements of operations and does not include any interest related to unrecognized tax benefits, which is included in income tax expense.