EXHIBIT 12
SONOCO PRODUCTS COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
(Unaudited) | Years Ended December 31, | |||||||||||||||||||
2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
EARNINGS | ||||||||||||||||||||
Pretax income | 231,126 | 197,342 | 108,333 | 183,106 | 159,979 | |||||||||||||||
Add: Fixed charges | 67,958 | 61,403 | 66,329 | 67,128 | 67,183 | |||||||||||||||
Amortization of capitalized interest | 1,911 | 1,868 | 1,868 | 2,136 | 2,403 | |||||||||||||||
Total Earnings | 300,995 | 260,613 | 176,530 | 252,370 | 229,565 | |||||||||||||||
Less: Capitalized Interest | (2,042 | ) | (1,535 | ) | (2,000 | ) | (1,750 | ) | (2,085 | ) | ||||||||||
Adjusted Earnings | 298,953 | 259,078 | 174,530 | 250,620 | 227,480 | |||||||||||||||
FIXED CHARGES | ||||||||||||||||||||
Interest expense | 51,559 | 47,463 | 52,399 | 54,196 | 52,217 | |||||||||||||||
Capitalized interest | 2,042 | 1,535 | 2,000 | 1,750 | 2,085 | |||||||||||||||
Amortization of bond discounts | 390 | 538 | 597 | 615 | 711 | |||||||||||||||
Portion of rents representative of the interest factor | 13,967 | 11,867 | 11,333 | 10,567 | 12,170 | |||||||||||||||
Total Fixed Charges | 67,958 | 61,403 | 66,329 | 67,128 | 67,183 | |||||||||||||||
Ratio of Earnings to Fixed Charges | 4.40 | 4.22 | 2.63 | 3.73 | 3.39 | |||||||||||||||