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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
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Litigous | ||
Readability |
H.S. freshman Avg
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Exhibit 12
Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges
($ in millions) |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
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Earnings before taxes |
| $ | 645.6 |
| $ | 583.6 |
| $ | 595.6 |
| $ | 659.8 |
| $ | 606.4 |
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Plus: |
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Interest expensed and capitalized (a) |
| 198.1 |
| 215.5 |
| 201.1 |
| 185.1 |
| 161.1 |
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Interest expense within rent |
| 25.6 |
| 23.8 |
| 22.8 |
| 22.1 |
| 20.4 |
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Amortization of capitalized interest |
| 3.5 |
| 4.5 |
| 4.4 |
| 4.1 |
| 3.8 |
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Distributed income of equity investees |
| 0.6 |
| 1.6 |
| 0.8 |
| 1.7 |
| 2.2 |
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Less: |
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Interest capitalized |
| (5.1 | ) | (3.7 | ) | (6.2 | ) | (8.0 | ) | (2.9 | ) | |||||
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Adjusted earnings |
| $ | 868.3 |
| $ | 825.3 |
| $ | 818.5 |
| $ | 864.8 |
| $ | 791.0 |
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Fixed charges (b) |
| 223.7 |
| 239.3 |
| 223.9 |
| 207.2 |
| 181.5 |
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Ratio of earnings to fixed charges |
| 3.9 | x | 3.4 | x | 3.7 | x | 4.2 | x | 4.4 | x |
(a) Amounts do not include interest for unrecognized tax benefits related to uncertain tax positions.
(b) Fixed charges include interest expensed and capitalized as well as interest expense within rent.