EX-12.1 7 b47587a1exv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . Exhibit 12.1 U.S. Can Corporation and Subsidiaries Computation of Ratio of Earnings to Fixed Charges
Pro Forma Nine Months For the As of and for the Fiscal Year Ended Ended Nine Months Ended December 31, ------------ ----------------------- ------------------------------------- Sept. 28, Sept. 28, Sept. 29, 2003 2003 2002 2002 2001 2000 1999 1998 ------------ --------- ----------- ---- ---- ---- ---- ---- Pretax Income (12.7) (6.6) (13.0) (15.9) (63.4) (16.5) 35.0 (13.2) Add: Fixed Charges 61.0 54.9 50.6 68.3 70.1 45.9 32.1 37.8 Less: Preferred Stock Dividend Requirements of majority owned unconsolidated subsidiaries 6.3 6.3 5.7 7.7 7.0 1.6 - - ----- ---- ---- ----- ----- ----- ---- ----- Total 42.0 42.0 31.9 44.7 (0.3) 27.8 67.1 24.6 ===== ==== ==== ===== ===== ===== ==== ===== Fixed Charges Total Interest, including capitalized interest and amortization of 51.5 45.4 41.0 55.4 57.3 40.5 29.9 35.0 deferred financing costs Rental Expense representative of 3.2 3.2 3.9 5.2 5.8 3.8 2.2 2.8 an interest factor Preferred Stock Dividend Requirements of majority owned unconsolidated subsidiaries 6.3 6.3 5.7 7.7 7.0 1.6 - - ----- ---- ---- ----- ----- ----- ---- ----- Total Fixed Charges 61.0 54.9 50.6 68.3 70.1 45.9 32.1 37.8 ===== ==== ==== ===== ===== ===== ==== ===== Ratio of Earnings to Fixed Charges 0.7 0.8 0.6 0.7 0.0 0.6 2.1 0.7 ----- ---- ---- ----- ----- ----- ---- -----