Attached files
| file | filename |
|---|---|
| EX-10.1 - EX-10.1 - Kraft Heinz Co | d599149dex101.htm |
| EX-5.3 - EX-5.3 - Kraft Heinz Co | d599149dex53.htm |
| EX-5.2 - EX-5.2 - Kraft Heinz Co | d599149dex52.htm |
| EX-5.1 - EX-5.1 - Kraft Heinz Co | d599149dex51.htm |
| EX-4.1 - EX-4.1 - Kraft Heinz Co | d599149dex41.htm |
| EX-1.1 - EX-1.1 - Kraft Heinz Co | d599149dex11.htm |
| 8-K - 8-K - Kraft Heinz Co | d599149d8k.htm |
Exhibit 12.1
The Kraft Heinz Company
Computation of Ratio of Earnings to Fixed Charges
(in millions)
| Successor | Predecessor (H. J. Heinz Company) | |||||||||||||||||||||||||||||||||
| March 31, 2018 (13 weeks) |
December 30, 2017 (52 weeks) |
December 31, 2016 (52 weeks) |
January 3, 2016 (53 weeks) |
December 28, 2014 (52 weeks) |
February 8 - December 29, 2013 (29 weeks) |
April 29 - June 7, 2013 (6 weeks) |
April 28, 2013 (52 weeks) | |||||||||||||||||||||||||||
| Fixed Charges: |
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| Interest expense(a) |
$ | 317 | $ | 1,234 | $ | 1,134 | $ | 1,321 | $ | 701 | $ | 418 | $ | 52 | $ | 287 | ||||||||||||||||||
| Capitalized interest |
1 | (1 | ) | 13 | 3 | 1 | 2 | — | 1 | |||||||||||||||||||||||||
| Interest component of rent expense(b) |
11 | 58 | 48 | 54 | 29 | 38 | 5 | 43 | ||||||||||||||||||||||||||
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| Total fixed charges |
$ | 329 | $ | 1,291 | $ | 1,195 | $ | 1,378 | $ | 731 | $ | 458 | $ | 57 | $ | 331 | ||||||||||||||||||
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| Earnings: |
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| Income/(loss) from continuing operations before income or loss from equity investees and income taxes | $ | 1,254 | $ | 5,530 | $ | 5,023 | $ | 1,013 | $ | 803 | $ | (298 | ) | $ | (130 | ) | $ | 1,344 | ||||||||||||||||
| Add: Interest expense(a) |
317 | 1,234 | 1,134 | 1,321 | 701 | 418 | 52 | 287 | ||||||||||||||||||||||||||
| Add: Interest component of rent expense(b) |
11 | 58 | 48 | 54 | 29 | 38 | 5 | 43 | ||||||||||||||||||||||||||
| Add: Amortization of capitalized interest |
— | 2 | 2 | 3 | 1 | 1 | — | — | ||||||||||||||||||||||||||
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| Earnings as adjusted |
$ | 1,582 | $ | 6,824 | $ | 6,207 | $ | 2,391 | $ | 1,534 | $ | 159 | $ | (73 | ) | $ | 1,674 | |||||||||||||||||
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| Ratio of earnings to fixed charges |
4.81 | 5.29 | 5.19 | 1.74 | 2.10 | (c) | (c) | 5.06 | ||||||||||||||||||||||||||
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| (a) | Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness. |
| (b) | Represents approximately one third of rent expense for each period presented. |
| (c) | The ratio coverage during the period from February 8 to December 29, 2013 (“2013 Successor Period”) and during the period from April 29 to June 7, 2013 (“2013 Predecessor Period”) was less than 1:1. We would have needed to generate additional earnings of $299 million during the 2013 Successor Period and $130 million during the 2013 Predecessor Period to achieve ratio coverage of 1:1. |