EX-12 2 a50366400ex12.htm EXHIBIT 12 a50366400ex12.htm
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,
  
   
2012
    
2011
    
2012
    
2011
  
   
(Dollars in thousands)
  
                         
Earnings before fixed charges:
                        
                         
Income before income taxes
   $ 13,907     $ 78,016     $ 64,080     $ 117,720  
                                 
Interest and other debt expense(1)
     54,732       16,446       70,322       30,385  
                                 
Interest portion of rental expense
     127       214        274        370  
                                 
Earnings before fixed charges
   $ 68,766     $ 94,676     $ 134,676     $ 148,475  
                                 
Fixed charges:
                                
                                 
Interest and other debt expense(1)
   $ 54,732     $ 16,446     $ 70,322     $ 30,385  
                                 
Interest portion of rental expense
     127       214       274       370  
                                 
Capitalized interest
     62       173       129       360  
                                 
Total fixed charges
   $ 54,921     $ 16,833     $ 70,725     $ 31,115  
                                 
Ratio of earnings to fixed charges
     1.25       5.62       1.90       4.77  
_____________

(1)  
Includes a loss on early extinguishment of debt of $38.7 million for the three and six months ended June 30, 2012.