Attached files
file | filename |
---|---|
8-K/A - FORM 8-K/A - GILEAD SCIENCES INC | d313948d8ka.htm |
EX-99.2 - UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS - GILEAD SCIENCES INC | d313948dex992.htm |
EX-99.3 - CONSENT OF GRANT THORNTON LLP - GILEAD SCIENCES INC | d313948dex993.htm |
Exhibit 12.1
GILEAD SCIENCES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before provision for income tax |
$ | 3,651,004 | $ | 3,913,548 | $ | 3,501,956 | $ | 2,672,698 | $ | 2,211,149 | ||||||||||
Interest expense |
$ | 205,418 | $ | 108,961 | $ | 69,662 | $ | 65,244 | $ | 63,181 | ||||||||||
Interest portion of operating lease expense |
$ | 18,215 | $ | 16,680 | $ | 14,920 | $ | 11,720 | $ | 11,520 | ||||||||||
Net loss attributable to non-controlling interest |
$ | 14,578 | $ | 11,508 | $ | 10,163 | $ | 8,564 | $ | 9,108 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Earnings |
$ | 3,889,215 | $ | 4,050,697 | $ | 3,596,701 | $ | 2,758,226 | $ | 2,294,958 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense |
$ | 205,418 | $ | 108,961 | $ | 69,662 | $ | 65,244 | $ | 63,181 | ||||||||||
Capitalized interest |
$ | 2,971 | $ | 1,473 | $ | 775 | $ | 120 | $ | 366 | ||||||||||
Interest portion of operating lease expense |
$ | 18,215 | $ | 16,680 | $ | 14,920 | $ | 11,720 | $ | 11,520 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Fixed Charges |
$ | 226,604 | $ | 127,114 | $ | 85,357 | $ | 77,084 | $ | 75,067 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Ratio of earnings to fixed charges |
17.2 | 31.9 | 42.1 | 35.8 | 30.6 |