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EXHIBIT 12. STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS FROM CONTINUING
OPERATIONS TO FIXED CHARGES
(Unaudited)
Eli Lilly and Company and Subsidiaries
(Dollars in millions)
<TABLE>
<CAPTION>
Six Months Ended Years Ended December 31,
June 30, ----------------------------------------------------
2000 1999 1998 1997 1996 1995
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<S> <C> <C> <C> <C> <C> <C>
Consolidated Pretax
Income from Continuing
Operations before
Extraordinary Item................ $1,876.6 $3,245.5 $2,665.0 $2,901.1 $2,131.3 $1,866.6
Interest from Continuing
Operations and Other
Fixed Changes..................... 112.9 213.1 198.3 253.1 323.8 323.9
Less Interest Capitalized
during the Period from
Continuing Operations............. (20.6) (29.3) (17.0) (20.4) (35.8) (38.3)
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Earnings............................ $1,968.9 $3,429.2 $2,846.3 $3,133.8 $2,419.3 $2,152.2
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Fixed Charges /1/................... $ 112.9 $ 213.2 $ 200.5 $ 256.8 $ 328.5 $ 323.9
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Ratio of Earnings to
Fixed Charges..................... 17.4 16.1 14.2 12.2 7.4 6.6
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/1/ Fixed charges include interest from continuing operations for all years
presented and preferred stock dividends for 1996 through 1999.
20
