Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - PILGRIMS PRIDE CORP | ppc-20140928xexhibit311.htm |
| EX-32.2 - EX-32.2 - PILGRIMS PRIDE CORP | ppc-2014x0928xexhibit322.htm |
| EX-31.2 - EX-31.2 - PILGRIMS PRIDE CORP | ppc-2014x0928xexhibit312.htm |
| EX-32.1 - EX-32.1 - PILGRIMS PRIDE CORP | ppc-20140928xexhibit321.htm |
| EXCEL - IDEA: XBRL DOCUMENT - PILGRIMS PRIDE CORP | Financial_Report.xls |
| 10-Q - 10-Q - PILGRIMS PRIDE CORP | ppc-20140928x10q.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
Thirty-Nine Weeks Ended | |||||||
September 28, 2014 | September 29, 2013 | ||||||
(In thousands) | |||||||
Earnings: | |||||||
Income before income taxes | $ | 829,367 | $ | 430,259 | |||
Add: Total fixed charges (see below) | 48,010 | 69,562 | |||||
Less: Interest capitalized | 1,264 | 455 | |||||
Total earnings | $ | 876,113 | $ | 499,366 | |||
Fixed charges: | |||||||
Interest(a) | $ | 46,671 | $ | 68,654 | |||
Portion of noncancelable lease expense representative of interest factor(b) | 1,339 | 908 | |||||
Total fixed charges | $ | 48,010 | $ | 69,562 | |||
Ratio of earnings to fixed charges | 18.25 | 7.18 | |||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancellable lease expense is assumed to be representative of the interest factor.