Attached files
| file | filename |
|---|---|
| 8-K - 8-K - BEMIS CO INC | a11-26867_18k.htm |
Exhibit 12
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
BEMIS COMPANY, INC.
(in thousands of dollars except ratio data)
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months |
| |||||||||
|
|
|
For the Year Ended December 31, |
|
Ended June 30, |
| |||||||||||||||||
|
|
|
2006 |
|
2007 |
|
2008 |
|
2009 |
|
2010 |
|
2010 |
|
2011 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
EARNINGS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Pretax income from continuing operations |
|
$ |
289,336 |
|
$ |
289,605 |
|
$ |
268,525 |
|
$ |
240,310 |
|
$ |
327,284 |
|
$ |
142,811 |
|
$ |
170,656 |
|
|
Fixed charges |
|
57,125 |
|
59,253 |
|
47,489 |
|
48,630 |
|
81,236 |
|
38,995 |
|
38,782 |
| |||||||
|
Less: Capitalized interest |
|
(2,871 |
) |
(4,220 |
) |
(2,557 |
) |
(1,111 |
) |
(37 |
) |
(7 |
) |
(25 |
) | |||||||
|
Less: Preference security dividend requirements |
|
(1,379 |
) |
(1,306 |
) |
(1,590 |
) |
(1,902 |
) |
(3,090 |
) |
0 |
|
0 |
| |||||||
|
Noncontrolling interest in pretax income of subsidiaries that have not incurred fixed charges |
|
(6 |
) |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
| |||||||
|
Losses (gains) recognized in pre-tax income for less than 50% owned persons |
|
(32 |
) |
(933 |
) |
(919 |
) |
(2,163 |
) |
(2,121 |
) |
(1,394 |
) |
(1,582 |
) | |||||||
|
Capitalized interest amortization |
|
752 |
|
803 |
|
841 |
|
886 |
|
987 |
|
493 |
|
484 |
| |||||||
|
TOTAL EARNINGS |
|
$ |
342,925 |
|
$ |
343,202 |
|
$ |
311,789 |
|
$ |
284,650 |
|
$ |
404,259 |
|
$ |
180,898 |
|
$ |
208,315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Interest expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Consolidated interest expense |
|
$ |
49,252 |
|
$ |
50,268 |
|
$ |
39,413 |
|
$ |
42,052 |
|
$ |
73,488 |
|
$ |
36,677 |
|
$ |
36,446 |
|
|
Capitalized interest |
|
2,871 |
|
4,220 |
|
2,557 |
|
1,111 |
|
37 |
|
7 |
|
25 |
| |||||||
|
Total interest expense |
|
52,123 |
|
54,488 |
|
41,970 |
|
43,163 |
|
73,525 |
|
36,684 |
|
36,471 |
| |||||||
|
Interest inherent in rent expense |
|
3,623 |
|
3,459 |
|
3,929 |
|
3,565 |
|
4,621 |
|
2,311 |
|
2,311 |
| |||||||
|
Preference security dividend requirements |
|
1,379 |
|
1,306 |
|
1,590 |
|
1,902 |
|
3,090 |
|
0 |
|
0 |
| |||||||
|
TOTAL FIXED CHARGES |
|
$ |
57,125 |
|
$ |
59,253 |
|
$ |
47,489 |
|
$ |
48,630 |
|
$ |
81,236 |
|
$ |
38,995 |
|
$ |
38,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
6.0 |
|
5.8 |
|
6.6 |
|
5.9 |
|
5.0 |
|
4.6 |
|
5.4 |
| |||||||