Procter & Gamble Co – ‘10-Q’ for 3/31/03 – EX-12

On:  Tuesday, 4/29/03, at 3:21pm ET   ·   For:  3/31/03   ·   Accession #:  80424-3-21   ·   File #:  1-00434

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Jfm '03 - 10-Q                                        22     87K 
 2: EX-2        Purchase Offer                                        46±   162K 
 3: EX-11       Jfm '03 - 10-Q (Exhibit 11)                            1      9K 
 4: EX-12       Jfm '03 - 10-Q (Exhibit 12)                            1      8K 
 5: EX-99       Jfm '03 - 10-Q (Exhibit 99-1 - CEO Cert)               1      7K 
 6: EX-99       Jfm '03 - 10-Q (Exhibit 99-2 CFO Cert)                 1      7K 

EX-12   —   Jfm ‘03 – 10-Q (Exhibit 12)

                                                        [Enlarge/Download Table]

                                                                       EXHIBIT (12)                                               

                                                      THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES                               
                                                      ---------------------------------------------                               

                                                     COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES                            
                                                     -------------------------------------------------                            

Amounts in millions                                                                                                               
                                                                                                                                  
                                                                                                              Nine Months Ended   
                                                                        Years Ended June 30                        March 31       
                                                ----------------------------------------------------------  --------------------- 
                                                   1998        1999        2000        2001        2002        2002        2003   
                                                ----------  ----------  ----------  ----------  ----------  ----------  ----------
EARNINGS AS DEFINED                                                                                                               
-------------------                                                                                                               
  Earnings from operations before income taxes                                                                                    
    after eliminating undistributed earnings                                                                                      
     of equity method investees                 $ 5,704     $ 5,866     $ 5,474     $ 4,574     $ 6,442     $ 5,159     $ 6,405   

  Fixed charges                                     639         751         811         872         687         514         491   
                                                ----------  ----------  ----------  ----------  ----------  ----------  ----------
     TOTAL EARNINGS, AS DEFINED                 $ 6,343     $ 6,617     $ 6,285     $ 5,446     $ 7,129     $ 5,673     $ 6,896   
                                                ==========  ==========  ==========  ==========  ==========  ==========  ==========

FIXED CHARGES, AS DEFINED                                                                                                         
-------------------------                                                                                                         
  Interest expense                                $ 548       $ 650       $ 792       $ 794       $ 603       $ 453       $ 425   
  1/3 of rental expense                              91         101          89          78          84          61          66   
                                                ----------  ----------  ----------  ----------  ----------  ----------  ----------
     TOTAL FIXED CHARGES AS DEFINED               $ 639       $ 751       $ 881       $ 872       $ 687       $ 514       $ 491   
                                                ==========  ==========  ==========  ==========  ==========  ==========  ==========
     RATIO OF EARNINGS TO FIXED CHARGES             9.9         8.8         7.1         6.2        10.4        11.0        14.0