EX-12 5 0005.txt RATIO OF EARNINGS TO CHARGES EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS The following table sets forth Silgan Holdings Inc.'s computation of its ratio of earnings to combined fixed charges and preferred stock dividends for the periods indicated.
Years Ended December 31, ------------------------ 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes ................ $ 65,924 $ 38,235 $ 72,808 $ 43,866 $ 33,937 Interest and other debt expense ........... 91,178 86,057 81,456 80,693 89,353 Interest portion of rental expense ........ 1,330 1,132 1,140 1,086 1,072 -------- -------- -------- -------- -------- Earnings before fixed charges .................. $158,432 $125,424 $155,404 $125,645 $124,362 ======== ======== ======== ======== ======== Combined fixed charges and preferred stock dividends: Interest and other debt expense ........... $ 91,178 $ 86,057 $ 81,456 $ 80,693 $ 89,353 Interest portion of rental expense ........ 1,330 1,132 1,140 1,086 1,072 Capitalized interest ...................... 2,367 -- -- -- -- Preferred stock dividends ................. -- -- -- 3,224 3,006 -------- -------- -------- -------- -------- Total combined fixed charges and preferred stock dividends .............. $ 94,875 $ 87,189 $ 82,596 $ 85,003 $ 93,431 ======== ======== ======== ======== ======== Ratio of earnings to combined fixed charges and preferred stock dividends........ 1.67 1.44 1.88 1.48 1.33