Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-09302018xexhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-09302018xexhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-09302018xexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-09302018xexhibit311.htm |
| 10-Q - 10-Q - PILGRIMS PRIDE CORP | ppc-09302018x10q.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
Thirty-Nine Weeks Ended | |||||||
September 30, 2018 | September 24, 2017 | ||||||
(In thousands) | |||||||
Earnings: | |||||||
Income before income taxes | $ | 361,398 | $ | 862,288 | |||
Add: Total fixed charges (see below) | 146,484 | 81,091 | |||||
Less: Interest capitalized | 3,500 | 5,345 | |||||
Total earnings | $ | 504,382 | $ | 938,034 | |||
Fixed charges: | |||||||
Interest(a) | $ | 129,401 | $ | 71,660 | |||
Portion of noncancelable lease expense representative of interest factor(b) | 17,083 | 9,431 | |||||
Total fixed charges | $ | 146,484 | $ | 81,091 | |||
Ratio of earnings to fixed charges | 3.44 | 11.57 | |||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.