RATIO OF EARNINGS TO FIXED CHARGES
Published on March 28, 2002
Exhibit 12.1 Ball Corporation and Subsidiaries Ratio of Earnings to Fixed Charges - --------------------------------------- ------------ ------------ ----------- ----------- ----------- ($ in millions) 2001 2000 1999 1998 1997 - --------------------------------------- ------------ ------------ ----------- ----------- ----------- Earnings (loss) before taxes $(113.7) $ 113.9 $ 171.2 $ 27.3 $ 85.9 Plus: Interest expensed and capitalized 89.7 98.5 109.6 80.9 57.9 Interest expense within rent 21.7 25.4 18.0 15.4 12.7 Amortization of capitalized interest 2.3 2.0 1.9 2.1 2.6 Distributed income of equity investees - - 1.5 2.5 6.9 Less: Interest capitalized (1.4) (3.3) (2.0) (2.3) (4.4) ------------ ------------ ----------- ----------- ----------- Adjusted earnings (1.4) 236.5 300.2 125.9 161.6 Fixed charges (1) 111.4 123.9 127.6 96.3 70.6 Ratio of earnings to fixed charges 0.0x(2) 1.9x 2.4x 1.3x 2.3x - --------------------------------------- ------------ ------------ ----------- ----------- ----------- (1) Fixed charges include interest expensed and capitalized as well as interest expense within rent. (2) During 2001 there was a deficiency of earnings to fixed charges of $112.8 million.