Pinnacle Foods Finance LLC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - March 10, 2011

Attached files

file filename
10-K - FORM 10-K - Pinnacle Foods Finance LLCd10k.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - Pinnacle Foods Finance LLCdex322.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Pinnacle Foods Finance LLCdex312.htm
EX-21.1 - LIST OF SUBSIDIARIES - Pinnacle Foods Finance LLCdex211.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Pinnacle Foods Finance LLCdex311.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - Pinnacle Foods Finance LLCdex321.htm
EX-10.43 - TERMS OF EMPLOYMENT LETTER - Pinnacle Foods Finance LLCdex1043.htm
EX-10.44 - AMENDMENT TO EMPLOYMENT AGREEMENT. (ROBERT J. GAMGORT) - Pinnacle Foods Finance LLCdex1044.htm
EX-10.10 - TAX SHARING AGREEMENT - Pinnacle Foods Finance LLCdex1010.htm

Exhibit 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

     Successor                   Predecessor  
     Fiscal year
ended
December 26,
2010		      Fiscal year
ended
December 27,
2009		      Fiscal year
ended
December 28,
2008		     39 weeks
ended
December 30,
2007		                   13 weeks
ended
April 2,
2007		     Fiscal year
ended
December 31,
2006		  

Fixed charges as defined:

                     

Interest expense

    $ 236,004       $ 121,167       $ 153,280      $ 124,504            $ 39,079      $ 86,615   

One-third of non-cancelable lease rent

      4,071         1,756         1,654        784              501        2,026   
                                                        

Total fixed charges (A)

    $ 240,075       $ 122,923       $ 154,934      $ 125,288            $ 39,580      $ 88,641   
                                                        

Eanings as defined:

                     

Earnings (loss) before income taxes

    $ 29,436       $ 24,880       $ (1,545 )    $ (23,963 )          $ (60,365 )    $ 60,022   

Add fixed charges

      240,075         122,923         154,934        125,288              39,580        88,641   
                                                        

Earnings and fixed charges (B)

    $ 269,511       $ 147,803       $ 153,389      $ 101,325            $ (20,785 )    $ 148,663   
                                                        

Ratio of earnings to fixed charges: (B/A)

      1.12x         1.20x         NM (1)      NM (1)            NM (2)      1.68x   

 

  (1) The Successor’s earnings for the fiscal years ending 2008 and the 39 weeks ending December 30, 2007 were insufficient to cover fixed charges by $1.5 million and $24.0 million, respectively.

 

  (2) The Predecessor’s earnings for the 13 weeks ending April 2, 2007 were insufficient to cover fixed charges by $60.3 million.

Pinnacle Foods Finance LLC Reports

Also read