Attached files
file | filename |
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EX-32 - EXHIBIT 32 - LEVI STRAUSS & CO | lvis11292015ex-32.htm |
EX-21 - EXHIBIT 21 - LEVI STRAUSS & CO | lvis11292015ex-21.htm |
EX-31.2 - EXHIBIT 31.2 - LEVI STRAUSS & CO | lvis11292015ex-312.htm |
EX-31.1 - EXHIBIT 31.1 - LEVI STRAUSS & CO | lvis11292015ex-311.htm |
10-K - 10-K - LEVI STRAUSS & CO | a2015yeform10-k.htm |
Exhibit 12 | ||||||||||||||||||||
LEVI STRAUSS & CO. AND SUBSIDIARIES | ||||||||||||||||||||
Statements re: Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
Year Ended | ||||||||||||||||||||
November 29, 2015 | November 30, 2014 | November 24, 2013 | November 25, 2012 | November 27, 2011 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 310,398 | $ | 153,854 | $ | 322,613 | $ | 195,881 | $ | 202,827 | ||||||||||
Add: Fixed charges | 146,500 | 182,831 | 195,071 | 197,771 | 192,256 | |||||||||||||||
Add: Amortization of capitalized interest | 958 | 1,040 | 876 | 571 | 334 | |||||||||||||||
Subtract: Capitalized interest | 1,121 | 905 | 1,201 | 1,028 | 2,009 | |||||||||||||||
Total earnings | $ | 456,735 | $ | 336,820 | $ | 517,359 | $ | 393,195 | $ | 393,408 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense (includes amortization of debt discount and costs) | $ | 81,214 | $ | 117,597 | $ | 129,024 | $ | 134,694 | $ | 132,043 | ||||||||||
Capitalized interest | 1,121 | 905 | 1,201 | 1,028 | 2,009 | |||||||||||||||
Interest factor in rental expense(1) | 64,165 | 64,329 | 64,846 | 62,049 | 58,204 | |||||||||||||||
Total fixed charges | $ | 146,500 | $ | 182,831 | $ | 195,071 | $ | 197,771 | $ | 192,256 | ||||||||||
Ratio of earnings to fixed charges | 3.1 | x | 1.8 | x | 2.7 | x | 2.0 | x | 2.0 | x |
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(1) | Utilized an assumed interest factor of 33% in rental expense. |