EXHIBIT 12. STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Eli Lilly and Company and Subsidiaries
(Dollars in millions)
(Dollars in millions)
| Nine Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| September 30, | Years Ended December 31, | |||||||||||||||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||||
Consolidated pretax
income before cumulative
effect of a change in
accounting principle |
$ | 3,203.0 | $ | 2,717.5 | $ | 2,941.9 | $ | 3,261.7 | $ | 3,457.7 | $ | 3,506.9 | ||||||||||||
Interest |
273.1 | 245.7 | 162.9 | 121.9 | 140.0 | 253.3 | ||||||||||||||||||
Less interest capitalized
during the period |
(79.6 | ) | (140.5 | ) | (111.3 | ) | (60.9 | ) | (60.3 | ) | (61.5 | ) | ||||||||||||
Earnings |
$ | 3,396.5 | $ | 2,822.7 | $ | 2,993.5 | $ | 3,322.7 | $ | 3,537.4 | $ | 3,698.7 | ||||||||||||
Fixed charges |
$ | 273.1 | $ | 245.7 | $ | 162.9 | $ | 121.9 | $ | 140.0 | $ | 253.3 | ||||||||||||
Ratio of earnings to
fixed charges |
12.4 | 11.5 | 18.4 | 27.3 | 25.3 | 14.6 | ||||||||||||||||||