EX-12 5 dex12.htm COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES Computation of Ratio of Income to Fixed Charges

EXHIBIT 12

 

Boeing Capital Corporation and Subsidiaries

 

Computation of Ratio of Income to Fixed Charges

 

     Years Ended December 31,
(Dollars in millions)    2005    2004    2003    2002    2001

Income:

                                   

Income from continuing operations before provision for income tax

    $ 232    $ 183    $ 91    $ 35    $ 178

Fixed charges

      359      350      358      322      250

Income from continuing operations before provision for income tax and fixed charges

    $ 591    $ 533    $ 449    $ 357    $ 428

Fixed charges:

                                   

Interest expense

    $ 359    $ 350    $ 358    $ 319    $ 244

Preferred stock dividend requirement (1)

      –      –      –      3      6
     $ 359    $ 350    $ 358    $ 322    $ 250

Ratio of income from continuing operations before provision for income tax and fixed charges to fixed charges

      1.6      1.5      1.3      1.1      1.7

 

(1)  

Reflects a pre-tax basis.