EX-12 2 exhibit129-30x15.htm EXHIBIT 12 Exhibit


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, 2015
 
Sept. 30, 2014
 
Sept. 30, 2015
 
Sept. 30, 2014
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
Income before income taxes
 
$
104,764

 
$
128,359

 
$
216,913

 
$
243,331

Interest and other debt expense (1)
 
17,159

 
19,276

 
50,364

 
58,394

Interest portion of rental expense
 
143

 
139

 
429

 
423

Earnings before fixed charges
 
$
122,066

 
$
147,774

 
$
267,706

 
$
302,148

 
 
 
 
 
 
 
 
 
Fixed charges:
 
 

 
 

 
 

 
 

Interest and other debt expense (1)
 
$
17,159

 
$
19,276

 
$
50,364

 
$
58,394

Interest portion of rental expense
 
143

 
139

 
429

 
423

Capitalized interest
 
261

 
135

 
621

 
297

Total fixed charges
 
$
17,563

 
$
19,550

 
$
51,414

 
$
59,114

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
6.95

 
7.56

 
5.21

 
5.11

______________

(1) Includes a loss on early extinguishment of debt of $1.5 million for the nine months ended September 30, 2014.