Exhibit 12
SONOCO PRODUCTS COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
(Dollars in Thousands)
6 | ||||||||||||||||||||||||
months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
June | Years Ended December 31, | |||||||||||||||||||||||
28, 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Pretax income — as reported | 82,311 | 202,376 | 255,626 | 274,808 | 231,126 | 197,342 | ||||||||||||||||||
Add: Distributed Income from affiliates | 1,740 | 7,632 | 8,435 | 9,496 | 6,766 | 7,114 | ||||||||||||||||||
Add: Fixed charges | 30,644 | 72,964 | 79,950 | 68,669 | 67,568 | 60,865 | ||||||||||||||||||
Amortization of capitalized interest | 1,174 | 2,161 | 2,245 | 2,115 | 1,911 | 1,868 | ||||||||||||||||||
Total Earnings | 115,869 | 285,133 | 346,256 | 355,088 | 307,371 | 267,189 | ||||||||||||||||||
Less: Capitalized Interest | (1,343 | ) | (1,917 | ) | (2,916 | ) | (2,666 | ) | (2,042 | ) | (1,535 | ) | ||||||||||||
Adjusted Earnings | 114,526 | 283,216 | 343,340 | 352,422 | 305,329 | 265,654 | ||||||||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||
Interest expense | 20,965 | 53,401 | 61,440 | 51,952 | 51,559 | 47,463 | ||||||||||||||||||
Capitalized interest | 1,343 | 1,917 | 2,916 | 2,666 | 2,042 | 1,535 | ||||||||||||||||||
Portion of rents representative of the interest factor | 8,336 | 17,646 | 15,594 | 14,051 | 13,967 | 11,867 | ||||||||||||||||||
Total Fixed Charges | 30,644 | 72,964 | 79,950 | 68,669 | 67,568 | 60,865 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges | 3.74 | 3.88 | 4.29 | 5.13 | 4.52 | 4.36 | ||||||||||||||||||