O-I Glass (OI) 10-K2004 FY Annual report

Filed: 16 Mar 05, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: administer, advisory, Africa, Anastasia, appellate, attestation, Austria, Belgium, blister, brewer, broadening, built, carryforward, casualty, champagne, Chancery, CIO, circuit, Citigroup, collaboratively, compel, compelling, conference, consensually, Consol, Corsico, COSO, Cott, coupon, Critical, Debenture, Denmark, detect, detection, deteriorate, diesel, diligence, dispute, division, Doyle, DuPont, electrical, Euribor, Euro, Exhibi, expressed, expressing, face, firm, flu, forfeited, framework, freight, French, fringe, fuel, Gerard, Gestion, GTI, Helge, Human, IMC, inadequate, InBev, individual, inherent, Invista, invoiced, isolated, judicial, Kelly, KKR, Kronenbourg, Lehman, Longthorne, Lycra, Malia, Matthew, McCracken, milder, Nalco, Nestle, nonliability, Norway, OBGC, OII, oil, Ondeo, Opertating, optimize, Organization, overhead, Oversight, overturning, Pfizer, PositionSteven, prejudice, preliminary, prepackaged, prevent, prevention, Proctor, Procurement, professional, ratably, Raymond, reliability, render, rendered, reorganization, repricing, requisite, retention, scavenging, Schlaff, securitization, Sevilla, shareholder, Sitorsky, smaller, Soup, spirit, Stephen, Steven, stronger, successful, Sweden, Switzerland, thereon, tighter, Titrisation, Treadway, treatment, Tyco, unallocated, unauthorized, Underwriting, unqualified, unvested, upholding, vendor, vest, vesting, vision, weekly, Wehmeier

Removed: Additionally, Bruce, caption, classified, comparative, creation, custom, differentiate, disposal, distinctive, Eastern, EBIT, enabling, entry, February, Gilhuly, implemented, interpretation, labeling, Larsen, MO, molded, offered, Procter, realignment, shelf, shortest, Smith, St, subsequent, tabular, terry, Unilever, wilkison

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

OI similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

QuickLinks -- Click here to rapidly navigate through this document

EXHIBIT 12

OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Millions of dollars, except ratios)

					Years ended December 31,
					2004			2003			2002
Earnings (loss) from continuing operations before income taxes, minority share owners' interests and cumulative effect of accounting change					$	210.3		$	(438.0	)	$	(62.5	)
Less: Equity earnings						(27.8	)		(27.1	)		(27.0	)
Add: Total fixed charges deducted from earnings						489.1			440.6			384.9
	Proportional share of pre-tax earnings of 50% owned associates					11.0			8.1			13.3
	Dividends received from equity investees					12.8			31.1			29.2

		Earnings available for payment of fixed charges			$	695.4		$	14.7		$	337.9

Fixed charges (including the Company's proportional share of 50% owned associates):
			Interest expense		$	460.0		$	415.4		$	356.1
			Portion of operating lease rental deemed to be interest			14.2			10.8			12.7
			Amortization of deferred financing costs and debt discount expense			14.9			14.4			16.1

				Total fixed charges deducted from earnings	$	489.1		$	440.6		$	384.9
Preferred stock dividends (increased to assumed pre-tax amount)						29.4			30.3			30.7

Combined fixed charges and preferred stock dividends					$	518.5		$	470.9		$	415.6

Ratio of earnings to fixed charges						1.4
Deficiency of earnings available to cover fixed charges								$	425.9		$	47.0
Ratio of earnings to combined fixed charges and preferred stock dividends						1.3
Deficiency of earnings available to cover combined fixed charges and preferred stock dividends									456.2			77.7

OWENS-ILLINOIS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Millions of dollars, except ratios)

			Years ended December 31,
			2001			2000
Earnings from continuing operations before income taxes and minority share owners' interests			$	650.9		$	(421.8	)
Less: Equity earnings				(18.8	)		(19.8	)
Add: Total fixed charges deducted from earnings				374.6			407.7
Proportional share of pre-tax earnings of 50% owned associates				10.4			11.0
Dividends received from less than 50% owned associates				18.2			14.5

		Earnings available for payment of fixed charges	$	1,035.3		$	(8.4	)

Fixed charges (including the Company's proportional share of 50% owned associates):
	Interest expense		$	345.3		$	387.0
	Portion of operating lease rental deemed to be interest			14.3			12.5
	Amortization of deferred financing costs and debt discount expense			15.0			8.2

		Total fixed charges deducted from earnings	$	374.6		$	407.7
Preferred stock dividends (increased to assumed pre-tax amount)				36.7			21.7

Combined fixed charges and preferred stock Dividends			$	411.3		$	429.4

Ratio of earnings to fixed charges				2.8
Deficiency of earnings available to cover fixed charges						$	416.1
Ratio of earnings to combined fixed charges and preferred stock dividends				2.5
Deficiency of earnings available to cover combined fixed charges and preferred stock dividends							437.8

QuickLinks

EXHIBIT 12

OWENS-ILLINOIS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Millions of dollars, except ratios)
OWENS-ILLINOIS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Millions of dollars, except ratios)

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.