EX-12 7 extwelve.txt STATEMENT RE: COMPUTATION OF RATIOS 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, ------------------------ 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes ................ $ 76,127 $ 65,924 $ 38,235 $ 72,808 $ 43,866 Interest and other debt expense ........... 81,192 91,178 86,057 81,456 80,693 Interest portion of rental expense ........ 1,146 1,330 1,132 1,140 1,086 -------- -------- -------- -------- -------- Earnings before fixed charges .................. $158,465 $158,432 $125,424 $155,404 $125,645 ======== ======== ======== ======== ======== Combined fixed charges and preferred stock dividends: Interest and other debt expense ........... $ 81,192 $ 91,178 $ 86,057 $ 81,456 $ 80,693 Interest portion of rental expense ........ 1,146 1,330 1,132 1,140 1,086 Capitalized interest ...................... 1,571 2,367 -- -- -- Preferred stock dividends ................. -- -- -- -- 3,224 -------- -------- -------- -------- -------- Total combined fixed charges and preferred stock dividends .............. $ 83,909 $ 94,875 $ 87,189 $ 82,596 $ 85,003 ======== ======== ======== ======== ======== Ratio of earnings to combined fixed charges and preferred stock dividends........ 1.89 1.67 1.44 1.88 1.48