Exhibit 12.1
Ratio of Earnings to Fixed Charges
Ball Corporation and Subsidiaries
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(dollars in millions) 1999 1998 1997 1996 1995
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Earnings from continuing operations before
taxes $ 171.2 $ 27.3 $ 85.9 $ 29.6 $ 76.9
Plus:
Interest expensed and capitalized 109.6 80.9 57.9 45.4 41.3
Interest expense within rent 24.5 15.4 12.7 9.1 5.6
Amortization of capitalized interest 3.1 2.1 2.6 2.1 1.9
Distributed income of equity investees
1.5 2.5 6.9 - 0.4
Less:
Interest capitalized (2.0) (2.3) (4.4) (6.6) (3.5)
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Adjusted earnings 307.9 125.9 161.6 79.6 122.6
Fixed charges (1) 134.1 96.3 70.6 54.5 46.9
Ratio of earnings to fixed charges 2.3x 1.3x 2.3x 1.5x 2.6x
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(1) Fixed charges include interest expensed and capitalized as well as interest expense within rent.