EX-12 2 exhibit123-31x14.htm EXHIBIT 12 Exhibit 12 3-31-14


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 three months ended March 31:


 
2014
 
2013
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
Income before income taxes
$
47,850

 
$
40,707

Interest and other debt expense (1)
20,160

 
17,417

Interest portion of rental expense
146

 
139

Earnings before fixed charges
$
68,156

 
$
58,263

 
 
 
 
Fixed charges:
 

 
 

Interest and other debt expense (1)
$
20,160

 
$
17,417

Interest portion of rental expense
146

 
139

Capitalized interest
61

 
89

Total fixed charges
$
20,367

 
$
17,645

 
 
 
 
Ratio of earnings to fixed charges
3.35

 
3.30

______________

(1) Includes a loss on early extinguishment of debt of $1.5 million and $2.1 million for the three months ended March 31, 2014 and 2013, respectively.