EX-12 7 extwelvethreeq02.txt EXHIBT 12 TO 10-Q FOR THE PERIOD ENDING 9/30/02 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 indicated.
Three Months Ended Nine Months Ended ------------------ ----------------- Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2002 2001 2002 2001 ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes, equity in earnings (losses) of affiliates and extraordinary item ... $43,512 $45,946 $ 82,523 $ 68,473 Interest and other debt expense ........ 19,977 19,702 54,863 63,818 Interest portion of rental expense ..... 176 219 290 786 ------- ------- -------- -------- Earnings before fixed charges .......... $63,665 $65,867 $137,676 $133,077 ======= ======= ======== ======== Fixed charges: Interest and other debt expense ........ $19,977 $19,702 $ 54,863 $ 63,818 Interest portion of rental expense ..... 176 219 290 786 Capitalized interest ................... 334 455 827 1,380 ------- ------- -------- -------- Total fixed charges .................... $20,487 $20,376 $ 55,980 $ 65,984 ======= ======= ======== ======== Ratio of earnings to fixed charges ......... 3.11 3.23 2.46 2.02