EX-12 3 exhibit12.htm EXHIBIT 12 Exhibit 12


Exhibit 12


SILGAN HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)


The following table sets forth Silgan Holdings Inc.’s computation of its ratio of earnings to fixed charges for the periods presented:


 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
June 30,
 
June 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
Income before income taxes
 
$
59,460

 
$
13,907

 
$
100,167

 
$
64,080

Interest and other debt expense (1)
 
15,445

 
54,732

 
32,862

 
70,322

Interest portion of rental expense
 
139

 
127

 
228

 
274

Earnings before fixed charges
 
$
75,044

 
$
68,766

 
$
133,257

 
$
134,676

 
 
 
 
 
 
 
 
 
Fixed charges:
 
 

 
 

 
 
 
 
Interest and other debt expense (1)
 
$
15,445

 
$
54,732

 
$
32,862

 
$
70,322

Interest portion of rental expense
 
139

 
127

 
228

 
274

Capitalized interest
 
58

 
62

 
147

 
129

Total fixed charges
 
$
15,642

 
$
54,921

 
$
33,237

 
$
70,725

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
4.80

 
1.25

 
4.01

 
1.90

______________

(1) Includes a loss on early extinguishment of debt of $2.1 million for the six months ended June 30, 2013 and $38.7 million for each of the three and six months ended June 30, 2012.