Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - J M SMUCKER Co | d244102dex51.htm |
| EX-1.1 - EX-1.1 - J M SMUCKER Co | d244102dex11.htm |
| EX-5.2 - EX-5.2 - J M SMUCKER Co | d244102dex52.htm |
| 8-K - 8-K - J M SMUCKER Co | d244102d8k.htm |
Exhibit 12.1
The J. M. Smucker Company
Pro Forma Computation of Ratio of Earnings to Fixed Charges
| Three Months Ended July 31, 2011 |
Year Ended April 30, 2011 |
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| Earnings before fixed charges: |
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| Income before income taxes |
166,826 | 717,164 | ||||||
| Pro forma impact of new debt interest expense and revolver pay off |
(5,925 | ) | (27,010 | ) | ||||
| Total fixed charges |
27,162 | 117,573 | ||||||
| Less: capitalized interest |
(936 | ) | (1,778 | ) | ||||
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| Earnings available for fixed charges |
187,127 | 805,949 | ||||||
| Fixed charges: |
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| Interest and other debt expense, net of capitalized interest |
15,422 | 69,594 | ||||||
| Pro forma new debt interest expense |
6,753 | 27,010 | ||||||
| Pro forma revolver expense avoided |
(828 | ) | ||||||
| Capitalized interest |
936 | 1,778 | ||||||
| Estimated interest portion of rent expense |
4,879 | 19,191 | ||||||
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| Total fixed charges |
27,162 | 117,573 | ||||||
| Pro forma ratio of earnings to fixed charges |
6.9 | 6.9 | ||||||
| (a) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |