Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HERSHEY CO | Financial_Report.xls |
| 10-Q - THE HERSHEY CO FORM 10-Q SECOND QUARTER 2014 - HERSHEY CO | hsy-20140629q2.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20140629exhibit321.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20140629exhibit311.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20140629exhibit312.htm |
EXHIBIT 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Six Months Ended | |||||||
June 29, 2014 | June 30, 2013 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 639,051 | $ | 616,007 | |||
Add (deduct): | |||||||
Interest on indebtedness | 44,103 | 46,140 | |||||
Portion of rents representative of the interest factor (a) | 4,754 | 3,768 | |||||
Amortization of debt expense | 556 | 555 | |||||
Amortization of capitalized interest | 1,153 | 1,085 | |||||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | 46 | (2,111 | ) | ||||
Earnings as adjusted | $ | 689,663 | $ | 665,444 | |||
Fixed Charges: | |||||||
Interest on indebtedness | $ | 44,103 | $ | 46,140 | |||
Portion of rents representative of the interest factor (a) | 4,754 | 3,768 | |||||
Amortization of debt expense | 556 | 555 | |||||
Capitalized interest | 2,296 | 641 | |||||
Total fixed charges | $ | 51,709 | $ | 51,104 | |||
Ratio of earnings to fixed charges | 13.34 | 13.02 | |||||
NOTE:
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |