RATIO OF EARNINGS TO FIXED CHARGES
Published on February 25, 2008
Exhibit
12
Ball
Corporation and Subsidiaries
Ratio
of Earnings to Fixed Charges
($
in millions)
|
2007
|
2006
|
2005
|
2004
|
2003
|
|||||||||||||||
Earnings
before taxes
|
$ | 364.5 | $ | 446.9 | $ | 363.6 | $ | 445.9 | $ | 323.5 | ||||||||||
Plus:
|
||||||||||||||||||||
Interest
expensed and capitalized
|
155.8 | 142.5 | 121.7 | 105.8 | 144.2 | |||||||||||||||
Interest
expense within rent
|
28.3 | 27.7 | 25.6 | 24.8 | 22.6 | |||||||||||||||
Amortization
of capitalized interest
|
3.1 | 2.9 | 2.9 | 1.8 | 1.9 | |||||||||||||||
Distributed
income of equity investees
|
12.9 | 6.0 | 11.6 | 8.4 | 4.5 | |||||||||||||||
Less:
|
||||||||||||||||||||
Interest
capitalized
|
(6.4 | ) | (8.1 | ) | (5.3 | ) | (2.1 | ) | (3.1 | ) | ||||||||||
Adjusted
earnings
|
$ | 558.2 | $ | 634.1 | $ | 520.1 | $ | 584.6 | $ | 493.6 | ||||||||||
Fixed
charges (a)
|
184.1 | 170.2 | 147.3 | 130.6 | 166.8 | |||||||||||||||
Ratio
of earnings to fixed charges
|
3.0 | x | 3.6 | x | 3.5 | x | 4.5 | x | 3.0 | x |
(a)
|
Fixed
charges include interest expensed and capitalized as well as interest
expense within rent.
|
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