EARNINGS TO FIXED CHARGES
Published on March 30, 2001
Exhibit 12.1 Ball Corporation and Subsidiaries Ratio of Earnings to Fixed Charges - ------------------------------------------- ----------- ----------- ----------- ----------- ----------- ($ in millions) 2000 1999 1998 1997 1996 - ------------------------------------------- ----------- ----------- ----------- ----------- ----------- Income from continuing operations before taxes on income $ 113.9 $ 171.2 $ 27.3 $ 85.9 $ 29.6 Plus: Interest expensed and capitalized 98.5 109.6 80.9 57.9 45.4 Interest expense within rent 25.4 18.0 15.4 12.7 9.1 Amortization of capitalized interest 2.0 1.9 2.1 2.6 2.1 Distributed income of equity investees - 1.5 2.5 6.9 - Less: Interest capitalized (3.3) (2.0) (2.3) (4.4) (6.6) ----------- ----------- ----------- ----------- ----------- Adjusted earnings 236.5 300.2 125.9 161.6 79.6 Fixed charges(1) 123.9 127.6 96.3 70.6 54.5 Ratio of earnings to fixed charges 1.9x 2.4x 1.3x 2.3x 1.5x - ------------------------------------------- ----------- ----------- ----------- ----------- ----------- (1) Fixed charges include interest expensed and capitalized as well as interest expense within rent.