EXHIBIT 12. Statement Re: Computation of Ratio of Earnings to Fixed Charges
ELI LILLY AND COMPANY AND SUBSIDIARIES
Years Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||
Consolidated pretax income | $ | 3,000.3 | $ | 5,889.3 | $ | 5,408.2 | $ | 5,349.5 | $ | 6,525.2 | ||||||||||
Interest(1) | 187.1 | 184.2 | 198.8 | 211.7 | 211.5 | |||||||||||||||
Less interest capitalized during the period | (38.3 | ) | (24.1 | ) | (21.0 | ) | (25.7 | ) | (26.0 | ) | ||||||||||
Earnings | $ | 3,149.1 | $ | 6,049.4 | $ | 5,586.0 | $ | 5,535.5 | $ | 6,710.7 | ||||||||||
Fixed charges | $ | 187.1 | $ | 184.2 | $ | 198.8 | $ | 211.7 | $ | 211.5 | ||||||||||
Ratio of earnings to fixed charges | 16.8 | 32.8 | 28.1 | 26.1 | 31.7 | |||||||||||||||
1 | Interest is based upon interest expense reported as such in the consolidated statements of operations and does not include any interest related to unrecognized tax benefits, which is included in income tax expense. |