EX-12 9 ex12-1_f10k.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Ratio of Earnings to Fixed Charges

Exhibit 12.1

Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges

($ in millions)
2003
2002
2001
2000
1999
Earnings (loss) before taxes     $ 319.7   $ 230.2   $ (113. 7) $ 113.9   $ 171.2  
Plus:  
   Interest expensed and capitalized    144.2    83.2    89.7    98.5    109.6  
   Interest expense within rent    22.6    17.1    21.7    25.4    18.0  
     Amortization of capitalized interest    1.9    2.0    2.3    2.0    1.9  
     Distributed income of equity  
       investees    4.5    --    --    --    1.5  
Less:  
   Interest capitalized    (3.1 )  (2.4 )  (1.4 )  (3.3 )  (2.0 )





Adjusted earnings (loss)    489.8    330.1    (1.4 )  236.5    300.2  
Fixed charges (1)    166.8    100.3    111.4    123.9    127.6  
Ratio of earnings to fixed charges    2.9x    3.3x    0.0x (2)  1.9x    2.4x  






(1)     Fixed charges include interest expensed and capitalized as well as interest expense within rent.

(2)     During 2001 there was a deficiency of earnings to fixed charges of $112.8 million.