PILGRIMS PRIDE CORP - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES - July 29, 2011

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - PILGRIMS PRIDE CORPFinancial_Report.xls
10-Q - FORM 10-Q - PILGRIMS PRIDE CORPd10q.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - PILGRIMS PRIDE CORPdex312.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - PILGRIMS PRIDE CORPdex311.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - PILGRIMS PRIDE CORPdex321.htm
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - PILGRIMS PRIDE CORPdex322.htm

Exhibit 12

PILGRIM’S PRIDE CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Twenty-Six Weeks Ended  
     June 26,
2011		     June 27,
2010		  
     (In thousands)  

Loss:

     

Loss before income taxes

    $ (254,229 )    $ (45,583 ) 

Add: Total fixed charges calculated below

      61,478        62,321   

Less: Interest capitalized

      1,701        (195 ) 
  

 

 

    

 

 

  

Total loss

    $ (194,452 )    $ 16,933   
  

 

 

    

 

 

  

Fixed charges:

     

Interest(a)

    $ 55,646      $ 54,341   

Portion on non-cancellable lease expense representative of the interest factor(b)

      5,832        7,980   
  

 

 

    

 

 

  

Total fixed charges

    $ 61,478      $ 62,321   
  

 

 

    

 

 

  

Ratio of losses to fixed charges

      (c)        (d)   

 

(a) Interest includes amortization of capitalized financing fees.
(b) One-third of non-cancellable lease expense is assumed to be representative of the interest factor.
(c) Earnings were insufficient to cover fixed charges by $255.9 million.
(d) Earnings were insufficient to cover fixed charges by $45.4 million.

PILGRIMS PRIDE CORP Reports