February 7, 2003 - RATIO OF EARNINGS TO FIXED CHARGES - S-4: Registration of securities issued in business combination transactions | Ball Corporation (BALL)

February 7, 2003 > Form S-4 > Ball Corporation

Documents

QuickLinks -- Click here to rapidly navigate through this document

Exhibit 12.1

Statement Regarding Computation of
Ratio of Earnings to Fixed Charges

			Year Ended December 31,			Nine Months Ended September 29,
($ in millions)			Pro Forma 2001			Historical 2002			Pro Forma 2002
Earnings (loss) before taxes			$	(72.4	)	$	189.4		$	287.1
Plus:
	Interest expensed and capitalized and amortization of financing costs			138.7			56.8			101.0
	Interest expense within rent			25.5			12.2			15.2
	Amortization of capitalized interest			2.7			1.5			1.5
	Distributed income of equity investees
Less:
	Interest capitalized			(1.8	)		(1.7	)		(1.7	)

Adjusted Earnings				92.7			258.2			403.1
Fixed Charges				164.2			69.0			116.2
Ratio of earnings to fixed charges				0.6x			3.7x			3.5x

			Year Ended December 31,
($ in millions)			Year Ended December 31,
($ 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 and amortization of financing costs			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				(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.

Statement Regarding Computation of Ratio of Earnings to Fixed Charges