EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES
Published on February 22, 2006
Exhibit
12
Ball
Corporation and Subsidiaries
Ratio
of Earnings to Fixed Charges
|
($
in millions)
|
2005
|
2004
|
2003
|
2002
|
2001
|
|||||||||||
|
Earnings
(loss) before taxes
|
$
|
346.1
|
$
|
435.2
|
$
|
319.7
|
$
|
230.2
|
$
|
(113.7
|
)
|
|||||
|
Plus:
|
||||||||||||||||
|
Interest
expensed and capitalized
|
121.7
|
105.8
|
144.2
|
83.2
|
89.7
|
|||||||||||
|
Interest
expense within rent
|
25.6
|
24.8
|
22.6
|
17.1
|
21.7
|
|||||||||||
|
Amortization
of capitalized interest
|
2.9
|
1.8
|
1.9
|
2.0
|
2.3
|
|||||||||||
|
Distributed
income of equity investees
|
11.6
|
8.4
|
4.5
|
-
|
-
|
|||||||||||
|
Less:
|
||||||||||||||||
|
Interest
capitalized
|
(5.3
|
)
|
(2.1
|
)
|
(3.1
|
)
|
(2.4
|
)
|
(1.4
|
)
|
||||||
|
Adjusted
earnings (loss)
|
$ |
502.6
|
$ |
573.9
|
$
|
489.8
|
$ |
330.1
|
$ |
(1.4
|
)
|
|||||
|
Fixed
charges (a)
|
147.3
|
130.6
|
166.8
|
100.3
|
111.4
|
|||||||||||
|
Ratio
of earnings to fixed charges
|
3.4x
|
4.4x
|
2.9x
|
3.3x
|
0.0x(b
|
)
|
||||||||||
| (a) |
Fixed
charges include interest expensed and capitalized as well as interest
expense within rent.
|
| (b) |
During
2001 there was a deficiency of earnings to fixed charges of
$112.8 million.
|
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