Attached files
| file | filename |
|---|---|
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201509sep3010-qexhibit312.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201509sep3010-qexhibit321.htm |
| 10-Q - 10-Q - BOEING CO | a201509sep3010-q.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201509sep3010-qexhibit322.htm |
| EX-15 - LETTER FROM INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING CO | a201509sep3010-qexhibit15.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201509sep3010-qexhibit311.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, 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
Earnings before income taxes | 6,056 | 7,137 | 6,232 | 5,910 | 5,393 | ||||||||||
Fixed charges excluding capitalized interest | 289 | 455 | 514 | 603 | 677 | ||||||||||
Amortization of previously capitalized interest | 70 | 72 | 74 | 75 | 64 | ||||||||||
Net adjustment for earnings from affiliates | (19 | ) | 7 | 13 | 69 | (38 | ) | ||||||||
Earnings available for fixed charges | $6,396 | $7,671 | $6,833 | $6,657 | $6,096 | ||||||||||
Fixed charges: | |||||||||||||||
Interest and debt expense(1) | $252 | $402 | $461 | $551 | $626 | ||||||||||
Interest capitalized during the period | 119 | 102 | 87 | 74 | 57 | ||||||||||
Rentals deemed representative of an interest factor | 37 | 53 | 53 | 52 | 51 | ||||||||||
Total fixed charges | $408 | $557 | $601 | $677 | $734 | ||||||||||
Ratio of earnings to fixed charges | 15.7 | 13.8 | 11.4 | 9.8 | 8.3 | ||||||||||
(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. |