EX-12 2 ex-12x20161231.htm EXHIBIT 12 Exhibit
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,
 
 
2016
 
2015
 
2014(a)
 
2013(a)
 
2012(a)
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
231,917

 
$
252,886

 
$
284,552

 
$
254,718

 
$
223,787

Interest and other debt expense
 
67,813

 
66,926

 
76,301

 
69,462

 
101,722

Interest portion of rental expense
 
890

 
738

 
728

 
749

 
647

Earnings before fixed charges
 
$
300,620

 
$
320,550

 
$
361,581

 
$
324,929

 
$
326,156

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest and other debt expense
 
$
67,813

 
$
66,926

 
$
76,301

 
$
69,462

 
$
101,722

Interest portion of rental expense
 
890

 
738

 
728

 
749

 
647

Capitalized interest
 
1,531

 
986

 
423

 
262

 
266

Total fixed charges
 
$
70,234

 
$
68,650

 
$
77,452

 
$
70,473

 
$
102,635

Ratio of earnings to fixed charges
 
4.28

 
4.67

 
4.67

 
4.61

 
3.18

 ______________________
(a)
Interest and other debt expense in 2014, 2013 and 2012 includes a loss on early extinguishment of debt of $1.5 million, $2.1 million and $38.7 million, respectively.