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Elbit Systems Ltd – ‘20-F’ for 12/31/18 – ‘EX-12.1’

On:  Tuesday, 3/19/19, at 6:27am ET   ·   For:  12/31/18   ·   Accession #:  1628280-19-3104   ·   File #:  0-28998

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/19/19  Elbit Systems Ltd                 20-F       12/31/18  162:21M                                    Workiva Inc Wde… FA01/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   2.89M 
 2: EX-4.4      Instrument Defining the Rights of Security Holders  HTML     71K 
 3: EX-8        Opinion of Counsel re: Tax Matters                  HTML     43K 
 6: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     47K 
 7: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     47K 
 4: EX-12.1     Statement re: Computation of Ratios                 HTML     53K 
 5: EX-12.2     Statement re: Computation of Ratios                 HTML     53K 
 8: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     47K 
 9: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     47K 
10: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     47K 
17: R1          Document And Entity Information                     HTML     76K 
18: R2          Consolidated Balance Sheets                         HTML    165K 
19: R3          Consolidated Balance Sheets (Parenthetical)         HTML     57K 
20: R4          Consolidated Statements Of Income                   HTML    118K 
21: R5          Consolidated Statements Of Comprehensive Income     HTML     75K 
22: R6          Consolidated Statements Of Comprehensive Income     HTML     48K 
                (Parenthetical)                                                  
23: R7          Statements Of Changes In Equity                     HTML    103K 
24: R8          Statements Of Changes In Equity (Parenthetical)     HTML     48K 
25: R9          Consolidated Statements Of Cash Flows               HTML    154K 
26: R10         Consolidated Statements Of Cash Flows Supplemental  HTML     82K 
                Schedules                                                        
27: R11         General                                             HTML    117K 
28: R12         Significant Accounting Policies                     HTML    411K 
29: R13         Trade And Unbilled Receivables, Net                 HTML     65K 
30: R14         Other Receivables And Prepaid Expenses              HTML     59K 
31: R15         Inventories, Net Of Customer Advances               HTML     65K 
32: R16         Investments In Affiliated Companies, Partnerships   HTML    139K 
                And Other Companies                                              
33: R17         Long-Term Trade And Unbilled Receivables            HTML     55K 
34: R18         Long-Term Bank Deposits And Other Receivables       HTML     58K 
35: R19         Available-For-Sale Marketable Securities            HTML     60K 
36: R20         Property, Plant And Equipment, Net                  HTML     73K 
37: R21         Goodwill And Other Intangible Assets, Net           HTML     85K 
38: R22         Short-Term Bank Credit And Loans                    HTML     55K 
39: R23         Other Payables And Accrued Expenses                 HTML     77K 
40: R24         Customer Advances In Excess Of Costs Incurred On    HTML     63K 
                Contracts In Progress                                            
41: R25         Long-Term Loans, Net Of Current Maturities          HTML     73K 
42: R26         Series A Notes, Net Of Current Maturities           HTML     76K 
43: R27         Benefit Plans And Obligations For Termination       HTML    243K 
                Indemnity                                                        
44: R28         Taxes On Income                                     HTML    224K 
45: R29         Derivative Financial Instruments                    HTML    119K 
46: R30         Other Long-term Liabilities                         HTML     76K 
47: R31         Commitments And Contingent Liabilities              HTML     78K 
48: R32         Shareholders' Equity                                HTML    142K 
49: R33         Major Customer And Geographic Information           HTML     97K 
50: R34         Research And Development Expenses, Net              HTML     57K 
51: R35         Financial Expenses, Net                             HTML     75K 
52: R36         Other Income, Net                                   HTML     64K 
53: R37         Related Parties' Transactions And Balances          HTML     68K 
54: R38         Valuation And Qualifying Accounts                   HTML    109K 
55: R39         Significant Accounting Policies (Policy)            HTML    281K 
56: R40         General (Tables)                                    HTML     92K 
57: R41         Significant Accounting Policies (Tables)            HTML    273K 
58: R42         Trade And Unbilled Receivables, Net (Tables)        HTML     55K 
59: R43         Other Receivables And Prepaid Expenses (Tables)     HTML     57K 
60: R44         Inventories, Net Of Customer Advances (Tables)      HTML     67K 
61: R45         Investments In Affiliated Companies, Partnerships   HTML     91K 
                And Other Companies (Tables)                                     
62: R46         Long-Term Trade And Unbilled Receivables (Tables)   HTML     53K 
63: R47         Long-Term Bank Deposits And Other Receivables       HTML     58K 
                (Tables)                                                         
64: R48         Available-For-Sale Marketable Securities (Tables)   HTML     59K 
65: R49         Property, Plant And Equipment, Net (Tables)         HTML     73K 
66: R50         Goodwill And Other Intangible Assets, Net (Tables)  HTML     86K 
67: R51         Short-Term Bank Credit And Loans (Tables)           HTML     56K 
68: R52         Other Payables And Accrued Expenses (Tables)        HTML     67K 
69: R53         Customer Advances In Excess Of Costs Incurred On    HTML     63K 
                Contracts In Progress (Tables)                                   
70: R54         Long-Term Loans, Net Of Current Maturities          HTML     79K 
                (Tables)                                                         
71: R55         Series A Notes, Net Of Current Maturities (Tables)  HTML     61K 
72: R56         Benefit Plans And Obligations For Termination       HTML    232K 
                Indemnity (Tables)                                               
73: R57         Taxes On Income (Tables)                            HTML    182K 
74: R58         Derivative Financial Instruments (Tables)           HTML    121K 
75: R59         Other Long-term Liabilities (Tables)                HTML     54K 
76: R60         Commitments And Contingent Liabilities (Tables)     HTML     52K 
77: R61         Shareholders' Equity (Tables)                       HTML    127K 
78: R62         Major Customer And Geographic Information (Tables)  HTML    102K 
79: R63         Research And Development Expenses, Net (Tables)     HTML     56K 
80: R64         Financial Expenses, Net (Tables)                    HTML     75K 
81: R65         Other Income, Net (Tables)                          HTML     64K 
82: R66         Related Parties' Transactions And Balances          HTML     67K 
                (Tables)                                                         
83: R67         General (Narrative) (Details)                       HTML    126K 
84: R68         General (Details)                                   HTML     78K 
85: R69         General (Schedule Supplemental Consolidated Pro     HTML     57K 
                Forma Financial Results) (Details)                               
86: R70         General (Total Expenses Related to Acquisition and  HTML     67K 
                Other Non-recurring Expenses) (Details)                          
87: R71         Significant Accounting Policies (Narrative)         HTML    165K 
                (Details)                                                        
88: R72         Significant Accounting Policies (Changes In         HTML     82K 
                Accumulated Other Comprehensive Income By                        
                Components) (Details)                                            
89: R73         Significant Accounting Policies (Schedule Of        HTML     62K 
                Estimated Useful Life Of Assets) (Details)                       
90: R74         Significant Accounting Policies Significant         HTML     64K 
                Accounting Policies (Disaggregation of Revenues)                 
                (Details)                                                        
91: R75         Significant Accounting Policies Significant         HTML     50K 
                Accounting Policies (Remaining Performance                       
                Obligations "Backlog") (Details)                                 
92: R76         Significant Accounting Policies (Schedule Of        HTML     59K 
                Warranty Liability) (Details)                                    
93: R77         Significant Accounting Policies (Schedule Of        HTML     59K 
                Employee Stock Options On Estimated Weighted                     
                Average Assumptions) (Details)                                   
94: R78         Significant Accounting Policies (Schedule Of        HTML     82K 
                Assets And Liabilities Measured At Fair Value On                 
                Recurring Basis) (Details)                                       
95: R79         Significant Accounting Policies Significant         HTML    162K 
                Accounting Policies (Effects of Adoption of ASU                  
                2014-09 on Company's Financial Statements)                       
                (Details)                                                        
96: R80         Trade And Unbilled Receivables, Net (Details)       HTML     72K 
97: R81         Other Receivables And Prepaid Expenses (Details)    HTML     60K 
98: R82         Inventories, Net Of Customer Advances (Details)     HTML     67K 
99: R83         Investments In Affiliated Companies, Partnership    HTML     62K 
                And Other Companies (Investments In Affiliated                   
                Companies) (Details)                                             
100: R84         Investments In Affiliated Companies, Partnership    HTML    122K  
                And Other Companies (Investments In Companies                    
                Accounted For Under The Equity Method) (Details)                 
101: R85         Investments In Affiliated Companies, Partnership    HTML     63K  
                And Other Companies (Schedule Of Equity In Net                   
                Earnings Of Affiliated Companies) (Details)                      
102: R86         Investments In Affiliated Companies, Partnership    HTML     77K  
                And Other Companies (Balance Sheet Information)                  
                (Details)                                                        
103: R87         Investments In Affiliated Companies, Partnership    HTML     58K  
                And Other Companies (Income Statement Information)               
                (Details)                                                        
104: R88         Investments In Affiliated Companies, Partnership    HTML     67K  
                And Other Companies Investment in affiliated                     
                companies, Partnership and Other Companies                       
                (Investment Under Fair Value Method) (Details)                   
105: R89         Long-Term Trade And Unbilled Receivables (Details)  HTML     52K  
106: R90         Long-Term Bank Deposits And Other Receivables       HTML     58K  
                (Details)                                                        
107: R91         Available-For-Sale Marketable Securities            HTML     50K  
                (Narrative) (Details)                                            
108: R92         Available-For-Sale Marketable Securities            HTML     60K  
                (Available-For-Sale Marketable Securities)                       
                (Details)                                                        
109: R93         Property, Plant And Equipment, Net (Narrative)      HTML     52K  
                (Details)                                                        
110: R94         Property, Plant And Equipment, Net (Schedule Of     HTML     83K  
                Property, Plant And Equipment, Net) (Details)                    
111: R95         Goodwill And Other Intangible Assets, Net           HTML     52K  
                (Narrative) (Details)                                            
112: R96         Goodwill And Other Intangible Assets, Net           HTML     65K  
                (Schedule Of Aggregate Goodwill And Other                        
                Intangible Assets) (Details)                                     
113: R97         Goodwill And Other Intangible Assets, Net           HTML     60K  
                (Estimated Aggregate Amortization Expense)                       
                (Details)                                                        
114: R98         Goodwill And Other Intangible Assets, Net           HTML     55K  
                (Schedule Of Goodwill) (Details)                                 
115: R99         Short-Term Bank Credit And Loans (Details)          HTML     60K  
116: R100        Other Payables And Accrued Expenses (Details)       HTML     74K  
117: R101        Customer Advances In Excess Of Costs Incurred On    HTML     65K  
                Contracts In Progress (Details)                                  
118: R102        Long-Term Loans, Net Of Current Maturities          HTML     77K  
                (Summary Of Long-Term Loans, Net Of Current                      
                Maturities) (Details)                                            
119: R103        Long-Term Loans, Net Of Current Maturities          HTML     61K  
                (Summary Of Maturities Of Long-Term Loans)                       
                (Details)                                                        
120: R104        Series A Notes, Net Of Current Maturities           HTML    109K  
                (Narrative) (Details)                                            
121: R105        Series A Notes, Net Of Current Maturities           HTML     61K  
                (Schedule Of Series A Notes, Net Of Current                      
                Maturities) (Details)                                            
122: R106        Series A Notes, Net Of Current Maturities           HTML     59K  
                (Schedule Of Future Principal Payments For The                   
                Series A Notes) (Details)                                        
123: R107        Benefit Plans And Obligations For Termination       HTML     88K  
                Indemnity (Narrative) (Details)                                  
124: R108        Benefit Plans And Obligations For Termination       HTML    120K  
                Indemnity (Plans' Funded Status And Amounts                      
                Recognized In The Consolidated Financial                         
                Statements) (Details)                                            
125: R109        Benefit Plans And Obligations For Termination       HTML     72K  
                Indemnity (Components Of The Plans Net Periodic                  
                Pension Cost) (Details)                                          
126: R110        Benefit Plans And Obligations For Termination       HTML     62K  
                Indemnity (Weighted Average Assumptions) (Details)               
127: R111        Benefit Plans And Obligations For Termination       HTML     67K  
                Indemnity (Asset Allocation By Category) (Details)               
128: R112        Benefit Plans And Obligations For Termination       HTML     56K  
                Indemnity (Target Asset Allocation For The Plan)                 
                (Details)                                                        
129: R113        Benefit Plans And Obligations For Termination       HTML     85K  
                Indemnity (Fair Value Of The Asset Values By                     
                Category) (Details)                                              
130: R114        Benefit Plans And Obligations For Termination       HTML     55K  
                Indemnity (Effect Of A 1% Change In The Health                   
                Care Cost Trend Rate) (Details)                                  
131: R115        Taxes On Income (Narrative) (Details)               HTML    112K  
132: R116        Taxes On Income (Schedule Of Income Before Taxes    HTML     55K  
                On Income) (Details)                                             
133: R117        Taxes On Income (Schedule Of Taxes On Income)       HTML     85K  
                (Details)                                                        
134: R118        Taxes On Income (Schedule Of Uncertain Tax          HTML     68K  
                Positions) (Details)                                             
135: R119        Taxes On Income (Schedule Of Deferred Income        HTML     78K  
                Taxes) (Details)                                                 
136: R120        Taxes On Income (Schedule Of Deferred Taxes As      HTML     49K  
                Reflected In The Balance Sheet) (Details)                        
137: R121        Taxes On Income (Schedule Of Effective Income Tax   HTML     83K  
                Rate Reconciliation) (Details)                                   
138: R122        Derivative Financial Instruments (Narrative)        HTML     50K  
                (Details)                                                        
139: R123        Derivative Financial Instruments (Schedule Of       HTML     66K  
                Derivative Instruments In Statement Of Financial                 
                Position, Fair Value) (Details)                                  
140: R124        Derivative Financial Instruments (Effect Of         HTML     61K  
                Derivative Instruments On Cash Flow Hedging And                  
                Relationship Between Income And Other                            
                Comprehensive Income) (Details)                                  
141: R125        Derivative Financial Instruments (Notional Amounts  HTML     66K  
                Of Outstanding Foreign Exchange Forward Contracts)               
                (Details)                                                        
142: R126        Other Long-term Liabilities (Details)               HTML     53K  
143: R127        Commitments And Contingent Liabilities (Narrative)  HTML     72K  
                (Details)                                                        
144: R128        Commitments And Contingent Liabilities (Future      HTML     62K  
                Minimum Lease Commitments) (Details)                             
145: R129        Shareholders' Equity (Narrative) (Details)          HTML    105K  
146: R130        Shareholders' Equity (Summary Of Share Option       HTML     63K  
                Activity Under The Stock Option Plan) (Details)                  
147: R131        Shareholders' Equity (Summary Of Options            HTML     62K  
                Outstanding Separated Into Ranges Of Exercise                    
                Prices) (Details)                                                
148: R132        Shareholders' Equity (Compensation Expenses)        HTML     62K  
                (Details)                                                        
149: R133        Shareholders' Equity (Computation Of Basic And      HTML     70K  
                Diluted Net Earnings Per Share) (Details)                        
150: R134        Major Customer And Geographic Information           HTML     60K  
                (Schedule Of Revenue By Geographic Areas)                        
                (Details)                                                        
151: R135        Major Customer And Geographic Information           HTML     59K  
                (Schedule Of Revenues By Areas Of Operations)                    
                (Details)                                                        
152: R136        Major Customer And Geographic Information           HTML     50K  
                (Schedule Of Major Customer Data) (Details)                      
153: R137        Major Customer And Geographic Information           HTML     54K  
                (Schedule Of Long-Lived Assets By Geographic                     
                Areas) (Details)                                                 
154: R138        Research And Development Expenses, Net (Details)    HTML     53K  
155: R139        Financial Expenses, Net (Details)                   HTML     69K  
156: R140        Other Income, Net (Details)                         HTML     65K  
157: R141        Related Parties' Transactions And Balances          HTML     72K  
                (Details)                                                        
158: R142        Valuation And Qualifying Accounts (Details)         HTML     75K  
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‘EX-12.1’   —   Statement re: Computation of Ratios


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Exhibit  


Exhibit 12.1
Certification by Chief Executive Officer Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
I, Bezhalel Machlis, certify that:
1.
I have reviewed this annual report on Form 20-F of Elbit Systems Ltd.
2.
Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report.
3.
Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report.
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and



b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 
 
 
 
By:
/S /BEZHALEL MACHLIS
 
 
Bezhalel Machlis
 
 
President and Chief Executive Officer
 
 
(Principal Executive Officer)





Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:3/19/196-K
For Period end:12/31/186-K,  SD
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/28/24  Elbit Systems Ltd.                20-F       12/31/23  157:17M                                    Workiva Inc Wde… FA01/FA
 5/01/23  Elbit Systems Ltd.                20-F       12/31/22  158:19M                                    Workiva Inc Wde… FA01/FA
 4/07/22  Elbit Systems Ltd.                20-F       12/31/21  159:18M                                    Workiva Inc Wde… FA01/FA
 3/24/21  Elbit Systems Ltd.                20-F       12/31/20  161:19M                                    Workiva Inc Wde… FA01/FA
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Filing Submission 0001628280-19-003104   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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