Attached files
| file | filename |
|---|---|
| EX-4.1 - SUPPLEMENTAL INDENTURE, DATED AS OF JUNE 13, 2012 - TYSON FOODS, INC. | d366141dex41.htm |
| EX-1.1 - UNDERWRITING AGREEMENT, DATED AS OF JUNE 6, 2012 - TYSON FOODS, INC. | d366141dex11.htm |
| EX-5.1 - OPINION OF SIDLEY AUSTIN LLP - TYSON FOODS, INC. | d366141dex51.htm |
| EX-5.2 - OPINION OF BRUNINI, GRANTHAM, GROWER & HEWES, PLLC - TYSON FOODS, INC. | d366141dex52.htm |
| EX-5.4 - OPINION OF HUSCH BLACKWELL LLP - TYSON FOODS, INC. | d366141dex54.htm |
| EX-5.3 - OPINION OF MCAFEE & TAFT - TYSON FOODS, INC. | d366141dex53.htm |
| EX-5.5 - OPINION OF BRYAN CAVE LLP - TYSON FOODS, INC. | d366141dex55.htm |
| 8-K - FORM 8-K - TYSON FOODS, INC. | d366141d8k.htm |
EXHIBIT 12.1
Computation of Pro Forma Ratio of Earnings to Fixed Charges
| Six Months Ended March 31, 2012 | Fiscal Year Ended October 1, 2011 | |||||||||||||||||||||||
| (dollars in millions) | Actual | Pro
Forma Adjustments(2) |
Pro Forma | Actual | Pro
Forma Adjustments(2) |
Pro Forma | ||||||||||||||||||
| Earnings: |
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| Income (loss) from continuing operations before income taxes |
$ | 500 | $ | 28 | $ | 528 | $ | 1,074 | $ | 54 | $ | 1,128 | ||||||||||||
| Add: Fixed charges |
139 | (28 | ) | 111 | 305 | (54 | ) | 251 | ||||||||||||||||
| Add: Amortization of capitalized interest |
2 | — | 2 | 4 | — | 4 | ||||||||||||||||||
| Less: Capitalized interest |
(6 | ) | — | (6 | ) | (9 | ) | — | (9 | ) | ||||||||||||||
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| Total adjusted earnings |
635 | — | 635 | 1,374 | — | 1,374 | ||||||||||||||||||
| Fixed Charges: |
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| Interest |
80 | (20 | ) | 60 | 191 | (41 | ) | 150 | ||||||||||||||||
| Capitalized interest |
6 | — | 6 | 9 | — | 9 | ||||||||||||||||||
| Amortization of debt discount expense |
21 | (8 | ) | 13 | 44 | (13 | ) | 31 | ||||||||||||||||
| Rentals at computed interest factor (1) |
32 | — | 32 | 61 | — | 61 | ||||||||||||||||||
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| Total fixed charges |
$ | 139 | $ | (28 | ) | $ | 111 | $ | 305 | $ | (54 | ) | $ | 251 | ||||||||||
| Ratio of Earnings to Fixed Charges |
4.57 | 5.72 | 4.50 | 5.47 | ||||||||||||||||||||
| (1) | Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs. |
| (2) | The ratio of earnings to fixed charges for the six months ended March 31, 2012 and fiscal year ended October 1, 2011 have been adjusted on a pro forma basis to give effect to the offer and sale of the $1.0 billion aggregate principal amount of Tyson Foods, Inc.’s 4.500% Senior Notes due 2022 and the use of the net proceeds to repurchase $810.0 million of outstanding aggregate principal amount of Tyson Foods, Inc.’s 10.50% Senior Notes due 2014, as if such events occurred on October 2, 2011 and October 3, 2010, respectively. The pro forma ratio excludes the estimated anticipated pre-tax loss on the repayment of the 2014 notes of $170 million. |