Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - PILGRIMS PRIDE CORP | ppc-2015x1227xexh21.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-2015x1227xexh312.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-2015x1227xexh321.htm |
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-2015x1227xexh322.htm |
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-2015x1227xexh311.htm |
| EX-23.1 - EXHIBIT 23.1 - PILGRIMS PRIDE CORP | ppc-2015x1227xexh231consen.htm |
| 10-K - 10-K - PILGRIMS PRIDE CORP | ppc-20151227x10k.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 992,758 | $ | 1,102,391 | $ | 573,940 | $ | 153,062 | $ | (487,126 | ) | ||||||||
Add: Total fixed charges (see below) | 50,361 | 91,775 | 88,660 | 113,011 | 126,111 | ||||||||||||||
Less: Interest capitalized | (4,383 | ) | (4,628 | ) | (586 | ) | (1,717 | ) | (3,424 | ) | |||||||||
Total earnings | 1,038,736 | 1,189,538 | 662,014 | 264,356 | (364,439 | ) | |||||||||||||
Fixed charges: | |||||||||||||||||||
Interest(a) | 41,930 | 86,725 | 87,592 | 106,643 | 114,955 | ||||||||||||||
Portion of noncancelable lease expense representative of interest factor(b) | 8,431 | 5,050 | 1,068 | 6,368 | 11,156 | ||||||||||||||
Total fixed charges | 50,361 | 91,775 | 88,660 | 113,011 | 126,111 | ||||||||||||||
Ratio of earnings to fixed charges | 20.63 | 12.96 | 7.47 | 2.34 | (c) | ||||||||||||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.
(c) Earnings were insufficient to cover fixed charges by $490.6 million.