EX-12 2 exhibit126-30x17.htm EXHIBIT 12 Exhibit


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,
 
 
2017
 
2016
 
2017
 
2016
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
 
 
 
 
Income before income taxes
 
$
41,651

 
$
50,768

 
$
75,317

 
$
91,757

Interest and other debt expense (1)
 
33,582

 
16,883

 
56,677

 
33,339

Interest portion of rental expense
 
258

 
166

 
484

 
331

Earnings before fixed charges
 
$
75,491

 
$
67,817

 
$
132,478

 
$
125,427

 
 
 
 
 
 
 
 
 
Fixed charges:
 
 

 
 

 
 

 
 

Interest and other debt expense (1)
 
$
33,582

 
$
16,883

 
$
56,677

 
$
33,339

Interest portion of rental expense
 
258

 
166

 
484

 
331

Capitalized interest
 
248

 
561

 
369

 
1,036

Total fixed charges
 
$
34,088

 
$
17,610

 
$
57,530

 
$
34,706

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.21

 
3.85

 
2.30

 
3.61



(1) Includes a loss on early extinguishment of debt of $4.4 million and $7.1 million for the three and six months
ended June 30, 2017, respectively.