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Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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- 10-K Annual report
- 4.1 Exhibit 4.1
- 10.2 Exhibit 10.2
- 10.3 Exhibit 10.3
- 10.4 Exhibit 10.4
- 10.5 Exhibit 10.5
- 10.7 Exhibit 10.7
- 10.8 Exhibit 10.8
- 10.9 Exhibit 10.9
- 10.34 Exhibit 10.34
- 10.35 Exhibit 10.35
- 12 Exhibit 12
- 21 Exhibit 21
- 23.1 Exhibit 23.1
- 23.2 Exhibit 23.2
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
Exhibit 12
Abbott Laboratories
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions)
|
| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| |||||
EARNINGS FROM CONTINUING OPERATIONS ADD (DEDUCT) |
| $ | 4,734 |
| $ | 3,606 |
| $ | 1,717 |
| $ | 3,372 |
| $ | 3,176 |
|
Taxes on earnings from continuing operations |
| 1,122 |
| 863 |
| 559 |
| 1,248 |
| 950 |
| |||||
Amortization of capitalized interest, net of capitalized interest |
| 6 |
| (25 | ) | (28 | ) | (16 | ) | 5 |
| |||||
Minority interest |
| 7 |
| 9 |
| 8 |
| 9 |
| 11 |
| |||||
EARNINGS FROM CONTINUING OPERATIONS AS ADJUSTED |
| $ | 5,869 |
| $ | 4,453 |
| $ | 2,256 |
| $ | 4,613 |
| $ | 4,142 |
|
FIXED CHARGES Interest on long-term and short-term debt |
| 528 |
| 593 |
| 416 |
| 241 |
| 200 |
| |||||
Capitalized interest cost |
| 17 |
| 42 |
| 43 |
| 29 |
| 9 |
| |||||
Rental expense representative of an interest factor |
| 77 |
| 69 |
| 66 |
| 64 |
| 59 |
| |||||
TOTAL FIXED CHARGES |
| 622 |
| 704 |
| 525 |
| 334 |
| 268 |
| |||||
TOTAL ADJUSTED EARNINGS FROM CONTINUING OPERATIONS AVAILABLE FOR PAYMENT OF FIXED CHARGES |
| $ | 6,491 |
| $ | 5,157 |
| $ | 2,781 |
| $ | 4,947 |
| $ | 4,410 |
|
RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES |
| 10.4 |
| 7.3 |
| 5.3 |
| 14.8 |
| 16.5 |
| |||||
NOTE: For the purpose of calculating this ratio, (i) earnings from continuing operations have been calculated by adjusting earnings from continuing operations for taxes on earnings from continuing operations; interest expense; amortization of capitalized interest, net of capitalized interest; minority interest; and the portion of rentals representative of the interest factor, (ii) Abbott considers one-third of rental expense to be the amount representing return on capital, and (iii) fixed charges comprise total interest expense, including capitalized interest and such portion of rentals.
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