EX-12 2 exhibit129-30x13.htm EXHIBIT 12 Exhibit 12 9-30-13


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,
 
 
2013
 
2012
 
2013
 
2012
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
Income before income taxes
 
$
118,877

 
$
116,427

 
$
219,044

 
$
180,507

Interest and other debt expense (1)
 
16,982

 
16,005

 
49,844

 
86,326

Interest portion of rental expense
 
157

 
128

 
444

 
388

Earnings before fixed charges
 
$
136,016

 
$
132,560

 
$
269,332

 
$
267,221

 
 
 
 
 
 
 
 
 
Fixed charges:
 
 

 
 

 
 
 
 
Interest and other debt expense (1)
 
$
16,982

 
$
16,005

 
$
49,844

 
$
86,326

Interest portion of rental expense
 
157

 
128

 
444

 
388

Capitalized interest
 
59

 
72

 
206

 
201

Total fixed charges
 
$
17,198

 
$
16,205

 
$
50,494

 
$
86,915

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
7.91

 
8.18

 
5.33

 
3.07

______________

(1) Includes a loss on early extinguishment of debt of $2.1 million and $38.7 million for the nine months ended September 30, 2013 and 2012, respectively.