BOEING CO - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 24, 2018

Attached files

file filename
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BOEING COa201809sep3010qexhibit322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BOEING COa201809sep3010qexhibit321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BOEING COa201809sep3010qexhibit312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BOEING COa201809sep3010qexhibit311.htm
EX-15 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BOEING COa201809sep3010qexhibit15.htm
EX-10.3 - DEFERRED COMPENSATION PLAN FOR EMPLOYEES OF THE BOEING COMPANY - BOEING COa201809sep30103qexhibit.htm
EX-10.2 - THE BOEING COMPANY EXECUTIVE SUPPLEMENTAL SAVINGS PLAN - BOEING COa201809sep30102qexhibit.htm
EX-10.1 - SUMMARY OF NONEMPLOYEE DIRECTOR COMPENSATION - BOEING COa201809sep30101qexhibit.htm
EX-3.2 - BY-LAWS OF THE BOEING COMPANY - BOEING COa201809sep3032qexhibit.htm
10-Q - 10-Q - BOEING COa201809sep3010-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, 2018

2017

2016

2015

2014

Earnings before income taxes (1)

$7,558


$10,107


$5,783


$7,155


$7,137

Fixed charges excluding capitalized interest
408

486

422

391

455

Amortization of previously capitalized interest
67

96

106

90

72

Net adjustment for earnings from affiliates
59

14

11

(34
)
7

Earnings available for fixed charges

$8,092


$10,703


$6,322


$7,602


$7,671

Fixed charges:
 
 
 
 
 
Interest and debt expense(2)

$368


$430


$365


$339


$402

Interest capitalized during the period
63

110

170

158

102

Rentals deemed representative of an interest factor
40

56

57

52

53

Total fixed charges

$471


$596


$592


$549


$557

Ratio of earnings to fixed charges
17.2

18.0

10.7

13.8

13.8

(1) 
We adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) on January 1, 2018, using the full retrospective method. 2017 and 2016 amounts have been adjusted to conform with the current year presentation. Amounts prior to 2016 have not been adjusted. See Note 1 – Basis of Presentation and and Note 2 - Impact of Adoption of New Standards of the Notes to the Condensed Consolidated Financial Statements for more information.
(2) 
Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Financial Statements.


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