EX-12 3 exhibit12.htm EXHIBIT 12
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,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
|  | (Dollars in thousands)
Earnings before fixed charges: |  |  |  |  |  |  |  |
Income before income taxes |  | $ | 59,460 |  |  | $ | 13,907 |  |  | $ | 100,167 |  |  | $ | 64,080 |
Interest and other debt expense (1) |  | 15,445 |  |  | 54,732 |  |  | 32,862 |  |  | 70,322 |
Interest portion of rental expense |  | 139 |  |  | 127 |  |  | 228 |  |  | 274 |
Earnings before fixed charges |  | $ | 75,044 |  |  | $ | 68,766 |  |  | $ | 133,257 |  |  | $ | 134,676 |
Fixed charges: |  |  |  |  |  |  |  |  |  |
Interest and other debt expense (1) |  | $ | 15,445 |  |  | $ | 54,732 |  |  | $ | 32,862 |  |  | $ | 70,322 |
Interest portion of rental expense |  | 139 |  |  | 127 |  |  | 228 |  |  | 274 |
Capitalized interest |  | 58 |  |  | 62 |  |  | 147 |  |  | 129 |
Total fixed charges |  | $ | 15,642 |  |  | $ | 54,921 |  |  | $ | 33,237 |  |  | $ | 70,725 |
Ratio of earnings to fixed charges |  | 4.80 |  |  | 1.25 |  |  | 4.01 |  |  | 1.90 |

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(1) Includes a loss on early extinguishment of debt of $2.1 million for the six months ended June 30, 2013 and $38.7 million for each of the three and six months ended June 30, 2012.