Teva Pharmaceutical Industries Limited (TEVA)
Filed: 2 Apr 18, 12:00am
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| (U.S. dollars in millions, except ratios) | ||||||||||||||||||||
Earnings | ||||||||||||||||||||
Pre-tax income from continuing operations before adjustments for minority interests in consolidated subsidiaries or income or loss from equity investments | 824 | 2,352 | 3,638 | 1,250 | ||||||||||||||||
Fixed charges, as below | 559 | 283 | 336 | 340 | ||||||||||||||||
Interest capitalized, less amortization of capitalized interest | (1 | ) | (2 | ) | (3 | ) | (3 | ) | ||||||||||||
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Total | 1,383 | 2,633 | 3,971 | 1,587 | ||||||||||||||||
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Fixed Charges | ||||||||||||||||||||
Interest costs (expensed and capitalized) and amortization of issuance costs relating to long-term debentures | 504 | 242 | 285 | 301 | ||||||||||||||||
Rentals –one-third of rental expenses | 55 | 41 | 51 | 39 | ||||||||||||||||
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Total | 559 | 283 | 336 | 340 | ||||||||||||||||
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Ratio of Earnings to Fixed Charges | 2.5 | 9.3 | 11.8 | 4.7 | ||||||||||||||||