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)
Six Months | |||||||||||||||||||||||||
Ended | |||||||||||||||||||||||||
June 30, | Years Ended December 31, | ||||||||||||||||||||||||
2003 | 2002 | 2001 | 2000 | 1999 | 1998 | ||||||||||||||||||||
Consolidated pretax income from continuing operations | $ | 1,381.8 | $ | 3,457.7 | $ | 3,506.9 | $ | 3,858.7 | $ | 3,245.4 | $ | 2,653.0 | |||||||||||||
Interest from continuing operations and other fixed charges | 62.1 | 140.0 | 253.3 | 225.4 | 213.1 | 210.3 | |||||||||||||||||||
Less interest capitalized during the period from continuing operations | (26.7 | ) | (60.3 | ) | (61.5 | ) | (43.1 | ) | (29.3 | ) | (17.0 | ) | |||||||||||||
Earnings | $ | 1,417.2 | $ | 3,537.4 | $ | 3,698.7 | $ | 4,041.0 | $ | 3,429.2 | $ | 2,846.3 | |||||||||||||
Fixed charges1 | $ | 62.1 | $ | 140.0 | $ | 253.3 | $ | 225.4 | $ | 213.2 | $ | 212.5 | |||||||||||||
Ratio of earnings to fixed charges | 22.8 | 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.