EX-12 3 extwelve3q04.txt 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 Nine Months Ended ------------------ ----------------- Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2004 2003 2004 2003 ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes and equity in losses of affiliate ....... $63,562 $44,842 $112,030 $ 74,087 Interest and other debt expense ........ 13,554 21,571 43,860 60,398 Interest portion of rental expense ..... 189 176 566 530 ------- ------- -------- -------- Earnings before fixed charges .......... $77,305 $66,589 $156,456 $135,015 ======= ======= ======== ======== Fixed charges: Interest and other debt expense ........ $13,554 $21,571 $ 43,860 $ 60,398 Interest portion of rental expense ..... 189 176 566 530 Capitalized interest ................... 57 81 257 866 ------- ------- -------- -------- Total fixed charges .................... $13,800 $21,828 $ 44,683 $ 61,794 ======= ======= ======== ======== Ratio of earnings to fixed charges ............ 5.60 3.05 3.50 2.18