BOEING CO - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 26, 2016

Attached files

file filename
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING COa201609sep3010qexhibit311.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING COa201609sep3010qexhibit322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING COa201609sep3010qexhibit321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING COa201609sep3010qexhibit312.htm
EX-15 - LETTER FROM INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING COa201609sep3010qexhibit15.htm
EX-10 - SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION - BOEING COa201609sep3010qexhibit10.htm
10-Q - 10-Q - BOEING COa201609sep3010-q.htm


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

Years ended December 31,
 
September 30, 2016

2015

2014

2013

2012

Earnings before income taxes

$3,465


$7,155


$7,137


$6,232


$5,910

Fixed charges excluding capitalized interest
314

391

455

514

603

Amortization of previously capitalized interest
71

90

72

74

75

Net adjustment for earnings from affiliates
29

(34
)
7

13

69

Earnings available for fixed charges

$3,879


$7,602


$7,671


$6,833


$6,657

Fixed charges:
 
 
 
 
 
Interest and debt expense(1)

$273


$339


$402


$461


$551

Interest capitalized during the period
126

158

102

87

74

Rentals deemed representative of an interest factor
41

52

53

53

52

Total fixed charges

$440


$549


$557


$601


$677

Ratio of earnings to fixed charges
8.8

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.


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