Attached files
| file | filename |
|---|---|
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201606jun3010qexhibit321.htm |
| 10-Q - 10-Q - BOEING CO | a201606jun3010-q.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201606jun3010qexhibit322.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201606jun3010qexhibit312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201606jun3010qexhibit311.htm |
| EX-15 - LETTER FROM INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING CO | a201606jun3010qexhibit15.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
The Boeing Company and Subsidiaries
(Dollars in millions)
Six months ended | Years ended December 31, | ||||||||||||||
June 30, 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||
Earnings before income taxes | $ | 1,262 | $ | 7,155 | $ | 7,137 | $ | 6,232 | $ | 5,910 | |||||
Fixed charges excluding capitalized interest | 204 | 391 | 455 | 514 | 603 | ||||||||||
Amortization of previously capitalized interest | 48 | 90 | 72 | 74 | 75 | ||||||||||
Net adjustment for earnings from affiliates | 15 | (34 | ) | 7 | 13 | 69 | |||||||||
Earnings available for fixed charges | $1,529 | $7,602 | $7,671 | $6,833 | $6,657 | ||||||||||
Fixed charges: | |||||||||||||||
Interest and debt expense(1) | $178 | $339 | $402 | $461 | $551 | ||||||||||
Interest capitalized during the period | 79 | 158 | 102 | 87 | 74 | ||||||||||
Rentals deemed representative of an interest factor | 26 | 52 | 53 | 53 | 52 | ||||||||||
Total fixed charges | $283 | $549 | $557 | $601 | $677 | ||||||||||
Ratio of earnings to fixed charges | 5.4 | 13.8 | 13.8 | 11.4 | 9.8 | ||||||||||
(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. |