Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HERSHEY CO | Financial_Report.xls |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20150405exhibit312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20150405exhibit311.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20150405exhibit321.htm |
| 10-Q - THE HERSHEY CO FORM 10-Q FIRST QUARTER 2015 - HERSHEY CO | hsy-20150405q1.htm |
EXHIBIT 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Three Months Ended | |||||||
April 5, 2015 | March 30, 2014 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 374,804 | $ | 382,321 | |||
Add (deduct): | |||||||
Interest on indebtedness | 20,007 | 22,231 | |||||
Portion of rents representative of the interest factor (a) | 2,774 | 2,018 | |||||
Amortization of debt expense | 294 | 280 | |||||
Amortization of capitalized interest | 588 | 564 | |||||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | (1,826 | ) | 176 | ||||
Earnings as adjusted | $ | 396,641 | $ | 407,590 | |||
Fixed Charges: | |||||||
Interest on indebtedness | $ | 20,007 | $ | 22,231 | |||
Portion of rents representative of the interest factor (a) | 2,774 | 2,018 | |||||
Amortization of debt expense | 294 | 280 | |||||
Capitalized interest | 3,017 | 1,083 | |||||
Total fixed charges | $ | 26,092 | $ | 25,612 | |||
Ratio of earnings to fixed charges | 15.20 | 15.91 | |||||
NOTE:
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |