Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HERSHEY CO | Financial_Report.xls |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20140928exhibit321.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20140928exhibit312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20140928exhibit311.htm |
| 10-Q - THE HERSHEY CO FORM 10-Q THIRD QUARTER 2014 - HERSHEY CO | hsy-20140928q3.htm |
EXHIBIT 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Nine Months Ended | |||||||
September 28, 2014 | September 29, 2013 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 984,474 | $ | 964,884 | |||
Add (deduct): | |||||||
Interest on indebtedness | 65,999 | 68,595 | |||||
Portion of rents representative of the interest factor (a) | 7,692 | 5,680 | |||||
Amortization of debt expense | 833 | 833 | |||||
Amortization of capitalized interest | 1,748 | 1,672 | |||||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | (156 | ) | (2,496 | ) | |||
Earnings as adjusted | $ | 1,060,590 | $ | 1,039,168 | |||
Fixed Charges: | |||||||
Interest on indebtedness | $ | 65,999 | $ | 68,595 | |||
Portion of rents representative of the interest factor (a) | 7,692 | 5,680 | |||||
Amortization of debt expense | 833 | 833 | |||||
Capitalized interest | 3,838 | 1,024 | |||||
Total fixed charges | $ | 78,362 | $ | 76,132 | |||
Ratio of earnings to fixed charges | 13.53 | 13.65 | |||||
NOTE:
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |