Exhibit 12.1
Graphic Packaging International
Fixed Charges Ratio
6/30/2017
Year Ended December 31, | ||||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 6/30/2017 | |||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest Expense | 105.4 | 95.6 | 77.7 | 65.2 | 72.5 | 41.3 | ||||||||||||||||||
Amortization of Debt Issue Cost | 6.2 | 6.3 | 4.8 | 4.1 | 4.8 | 2.5 | ||||||||||||||||||
Capitalized Interest | 2.2 | 3.5 | 1.6 | 0.8 | 1.3 | 0.1 | ||||||||||||||||||
Interest Factor in Rent Expense | 10.9 | 12.0 | 10.0 | 9.7 | 11.7 | 5.8 | ||||||||||||||||||
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FIXED CHARGES | 124.7 | 117.4 | 94.1 | 79.8 | 90.3 | 49.7 | ||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income from Continuing Operations Before Income Tax | 202.6 | 214.1 | 134.4 | 360.5 | 321.2 | 120.2 | ||||||||||||||||||
Dividends Received, Net of Earnings in Equity Affiliates | (2.3 | ) | (0.2 | ) | 0.3 | — | 0.6 | (0.7 | ) | |||||||||||||||
Fixed Charges | 124.7 | 117.4 | 94.1 | 79.8 | 90.3 | 49.7 | ||||||||||||||||||
Capitalized Interest | (2.2 | ) | (3.5 | ) | (1.6 | ) | (0.8 | ) | (1.3 | ) | (0.1 | ) | ||||||||||||
Amortization of Capitalized Interest | 2.0 | 2.0 | 1.8 | 1.6 | 1.7 | 0.8 | ||||||||||||||||||
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EARNINGS | 324.8 | 329.8 | 229.0 | 441.1 | 412.5 | 169.9 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges | 2.6 | 2.8 | 2.4 | 5.5 | 4.6 | 3.4 |