EX-12 3 a50463709ex12.htm EXHIBIT 12 a50463709ex12.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
  
Nine Months Ended
   
Sept. 30,
  
Sept. 30,
  
Sept. 30,
  
Sept. 30,
   
2012
  
2011
  
2012
  
2011
   
(Dollars in thousands)
                         
Earnings before fixed charges:
                        
                         
Income before income taxes
   $ 116,427     $ 118,783     $ 180,507     $ 236,502  
                                 
Interest and other debt expense(1)
     16,005       17,268       86,326       47,654  
                                 
Interest portion of rental expense
     128        207        388        568  
                                 
Earnings before fixed charges
   $ 132,560     $ 136,258     $ 267,221     $ 284,724  
                                 
Fixed charges:
                                
                                 
Interest and other debt expense(1)
   $ 16,005     $ 17,268     $ 86,326     $ 47,654  
                                 
Interest portion of rental expense
     128       207       388       568  
                                 
Capitalized interest
     72        190       201       551  
                                 
Total fixed charges
   $ 16,205     $ 17,665     $ 86,915     $ 48,773  
                                 
Ratio of earnings to fixed charges
     8.18       7.71       3.07       5.84  

_____________

      (1)
Includes a loss on early extinguishment of debt of $38.7 million for the nine months ended September 30, 2012 and $1.0 million for the three and nine months ended September 30,  2011.