Attached files
| file | filename |
|---|---|
| 10-Q - THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JULY 3, 2016 - HERSHEY CO | a2016_formx10-qq2.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20160703exhibit321.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20160703exhibit312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20160703exhibit311.htm |
EXHIBIT 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Six Months Ended | |||||||
July 3, 2016 | July 5, 2015 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 573,025 | $ | 358,668 | |||
Add (deduct): | |||||||
Interest on indebtedness | 42,961 | 40,040 | |||||
Portion of rents representative of the interest factor (a) | 4,771 | 5,304 | |||||
Amortization of debt expense | 801 | 574 | |||||
Amortization of capitalized interest | 1,343 | 1,167 | |||||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | (1,465 | ) | (3,477 | ) | |||
Earnings as adjusted | $ | 621,436 | $ | 402,276 | |||
Fixed Charges: | |||||||
Interest on indebtedness | $ | 42,961 | $ | 40,040 | |||
Portion of rents representative of the interest factor (a) | 4,771 | 5,304 | |||||
Amortization of debt expense | 801 | 574 | |||||
Capitalized interest | 3,561 | 6,243 | |||||
Total fixed charges | $ | 52,094 | $ | 52,161 | |||
Ratio of earnings to fixed charges | 11.93 | 7.71 | |||||
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |