Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-20150628xexhibit311.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-20150628xxexhibit312.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-20150628xxexhibit321.htm |
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-20150628xxexhibit322.htm |
| 10-Q - 10-Q - PILGRIMS PRIDE CORP | ppc-06282015x10q.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
Twenty-Six Weeks Ended | |||||||
June 28, 2015 | June 29, 2014 | ||||||
(In thousands) | |||||||
Earnings: | |||||||
Income before income taxes | $ | 686,415 | $ | 439,871 | |||
Add: Total fixed charges (see below) | 21,858 | 36,163 | |||||
Less: Interest capitalized | 1,960 | 1,070 | |||||
Total earnings | $ | 706,313 | $ | 474,964 | |||
Fixed charges: | |||||||
Interest(a) | $ | 18,329 | $ | 35,105 | |||
Portion of noncancelable lease expense representative of interest factor(b) | 3,529 | 1,058 | |||||
Total fixed charges | $ | 21,858 | $ | 36,163 | |||
Ratio of earnings to fixed charges | 32.31 | 13.13 | |||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.