EX-12 4 c80743exv12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS 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)

                                                 
    Nine Months                                        
    Ended                                        
    September 30,   Years Ended December 31,
    2003   2002   2001   2000   1999   1998
   
 
 
 
 
 
Consolidated pretax income from continuing operations
   $ 2,297.7     $ 3,457.7     $ 3,506.9     $ 3,858.7     $ 3,245.4     $ 2,653.0  
Interest from continuing operations and other fixed charges
     92.5       140.0       253.3       225.4       213.1       210.3  
Less interest capitalized during the period from continuing operations
     (41.3 )     (60.3 )     (61.5 )     (43.1 )     (29.3 )     (17.0 )
 
    
     
     
     
     
     
 
Earnings
   $ 2,348.9     $ 3,537.4     $ 3,698.7     $ 4,041.0     $ 3,429.2     $ 2,846.3  
 
    
     
     
     
     
     
 
Fixed charges 1
   $ 92.5     $ 140.0     $ 253.3     $ 225.4     $ 213.2     $ 212.5  
 
    
     
     
     
     
     
 
Ratio of earnings to fixed charges
     25.4       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.