BOEING CO - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - April 26, 2017

Attached files

file	filename
EX-10.1 - FORM OF NOTICE OF TERMS OF RESTRICTED STOCK UNITS - BOEING CO	a201703mar3110qexhibit101.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING CO	a201703mar3110qexhibit321.htm
EX-15 - LETTER FROM INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING CO	a201703mar3110qexhibit15.htm
10-Q - 10-Q - BOEING CO	a201703mar3110-q.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING CO	a201703mar3110qexhibit322.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING CO	a201703mar3110qexhibit312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING CO	a201703mar3110qexhibit311.htm
EX-10.4 - FORM OF NOTICE OF TERMS OF SUPPLEMENTAL RESTRICTED STOCK UNITS - BOEING CO	a201703mar3110qexhibit104.htm
EX-10.3 - FORM OF PERFORMANCE AWARD NOTICE - BOEING CO	a201703mar3110qexhibit103.htm
EX-10.2 - FORM OF NOTICE OF TERMS OF PERFORMANCE-BASED RESTRICTED STOCK UNITS - BOEING CO	a201703mar3110qexhibit102.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, 2017			2016			2015			2014			2013
Earnings before income taxes		$1,959			$5,568			$7,155			$7,137			$6,232
Fixed charges excluding capitalized interest	113			422			391			455			514
Amortization of previously capitalized interest	31			94			90			72			74
Net adjustment for earnings from affiliates	6			11			(34		)	7			13
Earnings available for fixed charges		$2,109			$6,095			$7,602			$7,671			$6,833
Fixed charges:
Interest and debt expense⁽¹⁾		$100			$365			$339			$402			$461
Interest capitalized during the period	33			170			158			102			87
Rentals deemed representative of an interest factor	13			57			52			53			53
Total fixed charges		$146			$592			$549			$557			$601
Ratio of earnings to fixed charges	14.4			10.3			13.8			13.8			11.4


⁽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.