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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
Exhibit 12
Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges
($ in millions) |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Earnings before taxes |
| $ | 124 |
| $ | 346 |
| $ | 645 |
| $ | 583 |
| $ | 596 |
|
Plus: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expensed and capitalized (a) |
|
| 349 |
|
| 272 |
|
| 198 |
|
| 216 |
|
| 201 |
|
Interest expense within rent |
|
| 18 |
|
| 21 |
|
| 26 |
|
| 24 |
|
| 23 |
|
Amortization of capitalized interest |
|
| 3 |
|
| 4 |
|
| 3 |
|
| 5 |
|
| 4 |
|
Distributed income of equity investees |
|
| 2 |
|
| 2 |
|
| 1 |
|
| 2 |
|
| 1 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest capitalized |
|
| (11) |
|
| (13) |
|
| (5) |
|
| (4) |
|
| (6.0) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted earnings |
| $ | 485 |
| $ | 632 |
| $ | 868 |
| $ | 826 |
| $ | 819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges (b) |
|
| 367 |
|
| 293 |
|
| 224 |
|
| 239 |
|
| 224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
|
| 1.3x |
|
| 2.2x |
|
| 3.9x |
|
| 3.4x |
|
| 3.7x |
|
(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. |
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