BOEING CO - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - April 22, 2015

Attached files

file filename
EX-15 - LETTER FROM INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING COa201503mar3110-qxexhibit15.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING COa201503mar3110-qxexhibit311.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING COa201503mar3110-qxexhibit312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING COa201503mar3110-qxexhibit321.htm
EXCEL - IDEA: XBRL DOCUMENT - BOEING COFinancial_Report.xls
10-Q - 10-Q - BOEING COa201503mar3110q.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING COa201503mar3110-qxexhibit322.htm


EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
The Boeing Company and Subsidiaries
(Dollars in millions)
 
Three months ended

Years ended December 31,
 
March 31, 2015

2014

2013

2012

2011

Earnings before income taxes
1,946

7,137

6,232

5,910

5,393

Fixed charges excluding capitalized interest
90

455

514

603

677

Amortization of previously capitalized interest
29

72

74

75

64

Net adjustment for earnings from affiliates
—

7

13

69

(38
)
Earnings available for fixed charges

$2,065


$7,671


$6,833


$6,657


$6,096

Fixed charges:
 
 
 
 
 
Interest and debt expense(1)

$77


$402


$461


$551


$626

Interest capitalized during the period
46

102

87

74

57

Rentals deemed representative of an interest factor
13

53

53

52

51

Total fixed charges

$136


$557


$601


$677


$734

Ratio of earnings to fixed charges
15.2

13.8

11.4

9.8

8.3

(1) 
Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Statements of Operations.


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