EX-12 3 dex12.htm STATEMENTS REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHANGES Statements Regarding Computation of Ratio of Earnings to Fixed Changes

EXHIBIT 12

SONOCO PRODUCTS COMPANY

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

 

     Years Ended December 31  
     2007     2006     2005     2004     2003  

EARNINGS

          

Pretax income

   $ 255,626     $ 274,808     $ 231,126     $ 197,342     $ 108,333  

Add: Distributed Income from affiliates

     8,435       9,496       6,766       7,114       11,327  

Add: Fixed charges

     79,950       68,669       67,568       60,865       65,732  

Amortization of capitalized interest

     2,245       2,115       1,911       1,868       1,868  
                                        

Total Earnings

     346,256       355,088       307,371       267,189       187,260  

Less: Capitalized interest

     (2,916 )     (2,666 )     (2,042 )     (1,535 )     (2,000 )
                                        

Adjusted Earnings

   $ 343,340     $ 352,422     $ 305,329     $ 265,654     $ 185,260  
                                        

FIXED CHARGES

          

Interest expense

   $ 61,440     $ 51,952     $ 51,559     $ 47,463     $ 52,399  

Capitalized interest

     2,916       2,666       2,042       1,535       2,000  

Portion of rents representative of the interest factor

     15,594       14,051       13,967       11,867       11,333  
                                        

Total Fixed Charges

   $ 79,950     $ 68,669     $ 67,568     $ 60,865     $ 65,732  
                                        

Ratio of Earnings to Fixed Charges

     4.29       5.13       4.52       4.36       2.82