EX-12 2 ex-12x20131230.htm EXHIBIT 12 EX-12-2013.12.30
EXHIBIT 12


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth Silgan Holdings Inc.’s computation of its ratio of earnings to fixed charges for the periods indicated.
 
 
Years Ended December 31,
 
 
2013(a)
 
2012(a)
 
2011(a)
 
2010(a)
 
2009(a)
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
254,718

 
$
223,787

 
$
290,167

 
$
221,680

 
$
247,599

Interest and other debt expense
 
69,462

 
101,722

 
63,954

 
61,639

 
50,999

Interest portion of rental expense
 
749

 
647

 
912

 
522

 
435

Earnings before fixed charges
 
$
324,929

 
$
326,156

 
$
355,033

 
$
283,841

 
$
299,033

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest and other debt expense
 
$
69,462

 
$
101,722

 
$
63,954

 
$
61,639

 
$
50,999

Interest portion of rental expense
 
749

 
647

 
912

 
522

 
435

Capitalized interest
 
262

 
266

 
688

 
847

 
379

Total fixed charges
 
$
70,473

 
$
102,635

 
$
65,554

 
$
63,008

 
$
51,813

Ratio of earnings to fixed charges
 
4.61

 
3.18

 
5.42

 
4.50

 
5.77

 ______________________
(a)
Interest and other debt expense in 2013, 2012, 2011, 2010 and 2009 includes a loss on early extinguishment of debt of $2.1 million, $38.7 million, $1.0 million, $7.5 million and $1.3 million, respectively.