LEVI STRAUSS & CO - FORM 10-K - EX-12 - EXHIBIT 12 - February 7, 2018

Attached files

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EX-31.2 - EXHIBIT 31.2 - LEVI STRAUSS & COlvis11262017ex-312.htm
EX-31.1 - EXHIBIT 31.1 - LEVI STRAUSS & COlvis11262017ex-311.htm
10-K - 10-K - LEVI STRAUSS & COa2017yeform10-k.htm
EX-32 - EXHIBIT 32 - LEVI STRAUSS & COlvis11262017ex-32.htm
EX-21 - EXHIBIT 21 - LEVI STRAUSS & COlvis11262017ex-21.htm
EX-10.25 - EXHIBIT 10.25 - LEVI STRAUSS & COlvis11262017ex-1025.htm
EX-10.24 - EXHIBIT 10.24 - LEVI STRAUSS & COlvis11262017exhibit1024.htm
EX-10.5 - EXHIBIT 10.5 - LEVI STRAUSS & COlvis11262017ex-105.htm


Exhibit 12
LEVI STRAUSS & CO. AND SUBSIDIARIES
 
 
 
 
Statements re: Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended
 
 
November 26, 2017
 
November 27, 2016
 
November 29, 2015
 
November 30, 2014
 
November 24, 2013
 
 
(Dollars in thousands)
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
348,781

 
$
407,260

 
$
310,398

 
$
153,854

 
$
322,613

 
Add: Fixed charges
142,581

 
142,458

 
146,500

 
182,831

 
195,071

 
Add: Amortization of capitalized interest
951

 
869

 
958

 
1,040

 
876

 
Subtract: Capitalized interest
583

 
1,085

 
1,121

 
905

 
1,201

 
Total earnings
$
491,730

 
$
549,502

 
$
456,735

 
$
336,820

 
$
517,359

 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense (includes amortization of debt discount and costs)
$
68,603

 
$
73,170

 
$
81,214

 
$
117,597

 
$
129,024

 
Capitalized interest
583

 
1,085

 
1,121

 
905

 
1,201

 
Interest factor in rental expense(1)
73,395

 
68,203

 
64,165

 
64,329

 
64,846

 
Total fixed charges
$
142,581

 
$
142,458

 
$
146,500

 
$
182,831

 
$
195,071

 
Ratio of earnings to fixed charges
3.4

x
3.9

x
3.1

x
1.8

x
2.7

x
______________
(1)
Utilized an assumed interest factor of 33% in rental expense.



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