EXHIBIT 12. STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS FROM CONTINUING
OPERATIONS TO FIXED CHARGES
(Unaudited)
(Unaudited)
ELI LILLY AND COMPANY AND SUBSIDIARIES
(Dollars in millions)
Nine Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
September 30, | Years Ended December 31, | |||||||||||||||||||||||
2002 | 2001 | 2000 | 1999 | 1998 | 1997 | |||||||||||||||||||
Consolidated pretax income from continuing operations before extraordinary item | $ | 2,513.7 | $ | 3,552.1 | $ | 3,858.7 | $ | 3,245.4 | $ | 2,665.0 | $ | 2,901.1 | ||||||||||||
Interest from continuing operations and other fixed charges | 102.3 | 208.1 | 225.4 | 213.1 | 198.3 | 253.1 | ||||||||||||||||||
Less interest capitalized during the period from continuing operations | (46.5 | ) | (61.5 | ) | (43.1 | ) | (29.3 | ) | (17.0 | ) | (20.4 | ) | ||||||||||||
Earnings | $ | 2,569.5 | $ | 3,698.7 | $ | 4,041.0 | $ | 3,429.2 | $ | 2,846.3 | $ | 3,133.8 | ||||||||||||
Fixed charges1 | $ | 102.3 | $ | 208.1 | $ | 225.4 | $ | 213.2 | $ | 200.5 | $ | 256.8 | ||||||||||||
Ratio of earnings to fixed charges | 25.1 | 17.8 | 17.9 | 16.1 | 14.2 | 12.2 | ||||||||||||||||||
1 Fixed charges include interest from continuing operations for all years presented and preferred stock dividends for 1997 through 1999. |