EXHIBIT 12
SONOCO PRODUCTS COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Years Ended December 31 | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
EARNINGS | ||||||||||||||||||||
Pretax income | $ | 327,946 | $ | 325,707 | $ | 292,709 | $ | 283,006 | $ | 284,406 | ||||||||||
Add: Distributed income from affiliates | 8,131 | 9,809 | 13,631 | 9,329 | 11,676 | |||||||||||||||
Add: Fixed charges | 83,614 | 81,806 | 88,704 | 91,690 | 64,341 | |||||||||||||||
Add: Amortization of capitalized interest | 3,244 | 3,449 | 2,677 | 2,450 | 2,341 | |||||||||||||||
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Total Earnings | 422,935 | 420,771 | 397,721 | 386,475 | 362,764 | |||||||||||||||
Less: Capitalized interest | (2,571 | ) | (3,248 | ) | (5,946 | ) | (4,056 | ) | (3,113 | ) | ||||||||||
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Adjusted Earnings | $ | 420,364 | $ | 417,523 | $ | 391,775 | $ | 382,419 | $ | 359,651 | ||||||||||
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FIXED CHARGES | ||||||||||||||||||||
Interest expense | $ | 56,973 | $ | 55,140 | $ | 59,913 | $ | 64,114 | $ | 41,832 | ||||||||||
Capitalized interest | 2,571 | 3,248 | 5,946 | 4,056 | 3,113 | |||||||||||||||
Portion of rents representative of the interest factor | 24,070 | 23,418 | 22,845 | 23,520 | 19,396 | |||||||||||||||
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Total Fixed Charges | $ | 83,614 | $ | 81,806 | $ | 88,704 | $ | 91,690 | $ | 64,341 | ||||||||||
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Ratio of Earnings to Fixed Charges | 5.03 | 5.10 | 4.42 | 4.17 | 5.59 | |||||||||||||||
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