EX-12 4 secondq03ex12.txt 2Q10Q03 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 presented.
Three Months Ended Six Months Ended ------------------ ---------------- June 30, June 30, June 30, June 30, 2003 2002 2003 2002 ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes and equity in losses of affiliate ....... $22,013 $18,521 $29,245 $38,029 Interest and other debt expense ........ 20,038 19,372 38,827 35,868 Interest portion of rental expense ..... 191 135 385 274 ------- ------- ------- ------- Earnings before fixed charges .......... $42,242 $38,028 $68,457 $74,171 ======= ======= ======= ======= Fixed charges: Interest and other debt expense ........ $20,038 $19,372 $38,827 $35,868 Interest portion of rental expense ..... 191 135 385 274 Capitalized interest ................... 211 280 786 492 ------- ------- ------- ------- Total fixed charges .................... $20,440 $19,787 $39,998 $36,634 ======= ======= ======= ======= Ratio of earnings to fixed charges ......... 2.07 1.92 1.71 2.02