EX-12 2 exhibit126-30x14.htm EXHIBIT 12 Exhibit 12 6-30-14


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,
 
2014
 
2013
 
2014
 
2013
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
Income before income taxes
$
67,122

 
$
59,460

 
$
114,972

 
$
100,167

Interest and other debt expense (1)
18,958

 
15,445

 
39,118

 
32,862

Interest portion of rental expense
133

 
139

 
269

 
228

Earnings before fixed charges
$
86,213

 
$
75,044

 
$
154,359

 
$
133,257

 
 
 
 
 
 
 
 
Fixed charges:
 

 
 

 
 

 
 

Interest and other debt expense (1)
$
18,958

 
$
15,445

 
$
39,118

 
$
32,862

Interest portion of rental expense
133

 
139

 
269

 
228

Capitalized interest
101

 
58

 
162

 
147

Total fixed charges
$
19,192

 
$
15,642

 
$
39,549

 
$
33,237

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.49

 
4.80

 
3.90

 
4.01

______________

(1) Includes a loss on early extinguishment of debt of $1.5 million and $2.1 million for the six months ended June 30, 2014 and 2013, respectively.