EX-12 8 extwelve0210k.txt 2002 10-K 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, -------------------------------------------------------- 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes, equity in losses of affiliates and extraordinary item....................... $ 94,151 $ 76,127 $ 65,924 $ 38,235 $ 72,808 Interest and other debt expense ............. 73,789 81,192 91,178 86,057 81,456 Interest portion of rental expense........... 747 1,146 1,330 1,132 1,140 -------- -------- -------- -------- -------- Earnings before fixed charges..................... $168,687 $158,465 $158,432 $125,424 $155,404 ======== ======== ======== ======== ======== Fixed charges: Interest and other debt expense.............. $73,789 $81,192 $91,178 $86,057 $81,456 Interest portion of rental expense........... 747 1,146 1,330 1,132 1,140 Capitalized interest ........................ 1,358 1,571 2,367 -- -- ------- ------- ------- ------- ------- Total fixed charges ......................... $75,894 $83,909 $94,875 $87,189 $82,596 ======= ======= ======= ======= ======= Ratio of earnings to fixed charges................ 2.22 1.89 1.67 1.44 1.88