BOEING CO - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - April 25, 2018

Attached files

file filename
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING COa201803mar3110qexhibit322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING COa201803mar3110qexhibit321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING COa201803mar3110qexhibit312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING COa201803mar3110qexhibit311.htm
EX-15 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING COa201803mar3110qexhibit15.htm
EX-10.4 - FORM OF NOTICE OF TERMS OF SUPPLEMENTAL RESTRICTED STOCK UNITS - BOEING COa201803mar3110qexhibit104.htm
EX-10.3 - FORM OF PERFORMANCE AWARD NOTICE - BOEING COa201803mar3110qexhibit103.htm
EX-10.2 - FORM OF NOTICE OF TERMS OF PERFORMANCE-BASED RESTRICTED STOCK UNITS - BOEING COa201803mar3110qexhibit102.htm
EX-10.1 - FORM OF NOTICE OF TERMS OF RESTRICTED STOCK UNITS - BOEING COa201803mar3110qexhibit101.htm
10-Q - 10-Q - BOEING COa201803mar3110-q.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, 2018

2017

2016

2015

2014

Earnings before income taxes (1)

$2,839


$10,107


$5,783


$7,155


$7,137

Fixed charges excluding capitalized interest
131

486

422

391

455

Amortization of previously capitalized interest
25

96

106

90

72

Net adjustment for earnings from affiliates
(8
)
14

11

(34
)
7

Earnings available for fixed charges

$2,987


$10,703


$6,322


$7,602


$7,671

Fixed charges:
 
 
 
 
 
Interest and debt expense(2)

$118


$430


$365


$339


$402

Interest capitalized during the period
21

110

170

158

102

Rentals deemed representative of an interest factor
13

56

57

52

53

Total fixed charges

$152


$596


$592


$549


$557

Ratio of earnings to fixed charges
19.7

18.0

10.7

13.8

13.8

(1) 
We adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) on January 1, 2018, using the full retrospective method. 2017 and 2016 amounts have been adjusted to conform with the current year presentation. Amounts prior to 2016 have not been adjusted. See Note 1 – Basis of Presentation and and Note 2 - Impact of Adoption of New Standards of the Notes to the Condensed Consolidated Financial Statements for more information.
(2) 
Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Financial Statements.


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