Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q 3Q2009 - HERSHEY CO | f10q_3q2009.htm |
| EX-31.1 - CEO CERTIFICATION - HERSHEY CO | exh31_1.htm |
| EX-32.1 - SECTION 906 CERTIFICATIONS - HERSHEY CO | exh32_1.htm |
| EX-31.2 - CFO CERTIFICATION - HERSHEY CO | exh31_2.htm |
EXHIBIT
12.1
THE
HERSHEY COMPANY
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(in
thousands of dollars except for ratios)
(Unaudited)
|
For
the Nine Months Ended
|
|||||||
|
October
4,
2009
|
September
28,
2008
|
||||||
|
Earnings:
|
|||||||
|
Income
before income taxes
|
$ | 480,302 | $ | 363,571 | |||
|
Add
(deduct):
|
|||||||
|
Interest
on indebtedness
|
71,693 | 78,775 | |||||
|
Portion
of rents representative of the interest
factor (a)
|
6,386 | 6,893 | |||||
|
Amortization
of debt expense
|
738 | 668 | |||||
|
Amortization
of capitalized interest
|
1,054 | 1,236 | |||||
|
Adjustment
to exclude noncontrolling interests in
subsidiaries and income from
equity investee
|
(3,602 | ) | (2,075 | ) | |||
|
Earnings
as adjusted
|
$ | 556,571 | $ | 449,068 | |||
|
Fixed
Charges:
|
|||||||
|
Interest
on indebtedness
|
$ | 71,693 | $ | 78,775 | |||
|
Portion
of rents representative of the interest
factor (a)
|
6,386 | 6,893 | |||||
|
Amortization
of debt expense
|
738 | 668 | |||||
|
Capitalized
interest
|
2,068 | 4,559 | |||||
|
Total
fixed charges
|
$ | 80,885 | $ | 90,895 | |||
|
Ratio
of earnings to fixed charges
|
6.88 | 4.94 | |||||
NOTE:
|
(a)
|
Portion
of rents representative of the interest factor consists of one-third of
rental expense for operating
leases.
|