Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-2016x12x25xexh322.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-2016x12x25xexh321.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-2016x12x25xexh312.htm |
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-2016x12x25xexh311.htm |
| EX-23.1 - EXHIBIT 23.1 - PILGRIMS PRIDE CORP | ppc-2016x12x25xexh231conse.htm |
| EX-21 - EXHIBIT 21 - PILGRIMS PRIDE CORP | ppc-2016x12x25xexh21.htm |
| 10-K - 10-K - PILGRIMS PRIDE CORP | ppc-2016x12x25x10k.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 672,635 | $ | 992,758 | $ | 1,102,391 | $ | 573,940 | $ | 153,062 | |||||||||
Add: Total fixed charges (see below) | 59,547 | 50,361 | 91,775 | 88,660 | 113,011 | ||||||||||||||
Less: Interest capitalized | (2,808 | ) | (4,383 | ) | (4,628 | ) | (586 | ) | (1,717 | ) | |||||||||
Total earnings | 729,374 | 1,038,736 | 1,189,538 | 662,014 | 264,356 | ||||||||||||||
Fixed charges: | |||||||||||||||||||
Interest(a) | 48,729 | 41,930 | 86,725 | 87,592 | 106,643 | ||||||||||||||
Portion of noncancelable lease expense representative of interest factor(b) | 10,817 | 8,431 | 5,050 | 1,068 | 6,368 | ||||||||||||||
Total fixed charges | 59,546 | 50,361 | 91,775 | 88,660 | 113,011 | ||||||||||||||
Ratio of earnings to fixed charges | 12.25 | 20.63 | 12.96 | 7.47 | 2.34 | ||||||||||||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.