Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HERSHEY CO | Financial_Report.xls |
| EX-31.2 - CFO CERTIFICATION - HERSHEY CO | exh312.htm |
| EX-31.1 - CEO CERTIFICATION - HERSHEY CO | exh311.htm |
| EX-32.1 - SECTION 906 CERTIFICATIONS - HERSHEY CO | exh321.htm |
| 10-Q - FORM 10-Q DATED APRIL 4, 2010 - HERSHEY CO | f10q_1q2010.htm |
EXHIBIT 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(Unaudited)
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For the Three Months Ended
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April 4,
2010
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April 5,
2009
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Earnings:
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Income before income taxes
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$ | 229,585 | $ | 129,038 | ||||
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Add (deduct):
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Interest on indebtedness
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23,964 | 24,173 | ||||||
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Portion of rents representative of the interest factor (a)
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1,742 | 2,308 | ||||||
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Amortization of debt expense
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253 | 256 | ||||||
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Amortization of capitalized interest
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298 | 374 | ||||||
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Adjustment to exclude noncontrolling interests in subsidiaries and
income from equity investee
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(3,335 | ) | (2,876 | ) | ||||
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Earnings as adjusted
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$ | 252,507 | $ | 153,273 | ||||
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Fixed Charges:
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Interest on indebtedness
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$ | 23,964 | $ | 24,173 | ||||
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Portion of rents representative of the interest factor (a)
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1,742 | 2,308 | ||||||
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Amortization of debt expense
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253 | 256 | ||||||
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Capitalized interest
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512 | 597 | ||||||
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Total fixed charges
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$ | 26,471 | $ | 27,334 | ||||
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Ratio of earnings to fixed charges
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9.54 | 5.61 | ||||||
NOTE:
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(a)
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Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases.
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