EX-12 2 exhibit126-30x15.htm EXHIBIT 12 Exhibit 12 6-30-15


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,
2015
 
June 30,
2014
 
June 30,
2015
 
June 30,
2014
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
Income before income taxes
 
$
61,529

 
$
67,122

 
$
112,147

 
$
114,972

Interest and other debt expense (1)
 
16,762

 
18,958

 
33,205

 
39,118

Interest portion of rental expense
 
142

 
133

 
285

 
269

Earnings before fixed charges
 
$
78,433

 
$
86,213

 
$
145,637

 
$
154,359

 
 
 
 
 
 
 
 
 
Fixed charges:
 
 

 
 

 
 

 
 

Interest and other debt expense (1)
 
$
16,762

 
$
18,958

 
$
33,205

 
$
39,118

Interest portion of rental expense
 
142

 
133

 
285

 
269

Capitalized interest
 
189

 
101

 
361

 
162

Total fixed charges
 
$
17,093

 
$
19,192

 
$
33,851

 
$
39,549

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
4.59

 
4.49

 
4.30

 
3.90

______________

(1) Includes a loss on early extinguishment of debt of $1.5 million for the six months ended June 30, 2014.