Attached files
| file | filename |
|---|---|
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201709sep3010qexhibit322.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING CO | a201709sep3010qexhibit321.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201709sep3010qexhibit312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING CO | a201709sep3010qexhibit311.htm |
| EX-15 - LETTER FROM INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING CO | a201709sep3010qexhibit15.htm |
| 10-Q - 10-Q - BOEING CO | a201709sep3010-q.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, 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
Earnings before income taxes | $7,075 | $5,568 | $7,155 | $7,137 | $6,232 | ||||||||||
Fixed charges excluding capitalized interest | 360 | 422 | 391 | 455 | 514 | ||||||||||
Amortization of previously capitalized interest | 72 | 94 | 90 | 72 | 74 | ||||||||||
Net adjustment for earnings from affiliates | 4 | 11 | (34 | ) | 7 | 13 | |||||||||
Earnings available for fixed charges | $7,511 | $6,095 | $7,602 | $7,671 | $6,833 | ||||||||||
Fixed charges: | |||||||||||||||
Interest and debt expense(1) | $320 | $365 | $339 | $402 | $461 | ||||||||||
Interest capitalized during the period | 85 | 170 | 158 | 102 | 87 | ||||||||||
Rentals deemed representative of an interest factor | 40 | 57 | 52 | 53 | 53 | ||||||||||
Total fixed charges | $445 | $592 | $549 | $557 | $601 | ||||||||||
Ratio of earnings to fixed charges | 16.9 | 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. |