Attached files
| file | filename |
|---|---|
| 10-K - 10-K - FLOWERS FOODS INC | d831372d10k.htm |
| EX-21 - EX-21 - FLOWERS FOODS INC | d831372dex21.htm |
| EX-10.9 - EX-10.9 - FLOWERS FOODS INC | d831372dex109.htm |
| EX-10.24 - EX-10.24 - FLOWERS FOODS INC | d831372dex1024.htm |
| EXCEL - IDEA: XBRL DOCUMENT - FLOWERS FOODS INC | Financial_Report.xls |
| EX-23 - EX-23 - FLOWERS FOODS INC | d831372dex23.htm |
| EX-31.3 - EX-31.3 - FLOWERS FOODS INC | d831372dex313.htm |
| EX-31.2 - EX-31.2 - FLOWERS FOODS INC | d831372dex312.htm |
| EX-31.1 - EX-31.1 - FLOWERS FOODS INC | d831372dex311.htm |
| EX-32 - EX-32 - FLOWERS FOODS INC | d831372dex32.htm |
Exhibit 12.1
Flowers Foods, Inc.
Computation of Ratio of Earnings to Fixed Charges
Fiscal 2010 - 2014
(000’s Omitted, Except Ratio Amounts)
| Fiscal Year | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Fixed Charges: |
||||||||||||||||||||
| Interest expense |
$ | 28,288 | $ | 28,875 | $ | 23,411 | $ | 10,172 | $ | 8,164 | ||||||||||
| Interest portion of rent expense(1) |
$ | 29,564 | $ | 30,100 | $ | 25,600 | $ | 23,399 | $ | 20,953 | ||||||||||
| Total Fixed Charges |
$ | 57,852 | $ | 58,975 | $ | 49,011 | $ | 33,571 | $ | 29,117 | ||||||||||
| Earnings: |
||||||||||||||||||||
| Income before income taxes |
$ | 268,054 | $ | 322,373 | $ | 208,772 | $ | 191,966 | $ | 210,380 | ||||||||||
| Plus: Fixed charges(2) |
$ | 57,852 | $ | 58,975 | $ | 49,011 | $ | 33,571 | $ | 29,117 | ||||||||||
| Earnings Available to Cover Fixed Charges |
$ | 325,906 | $ | 381,348 | $ | 257,783 | $ | 225,537 | $ | 239,497 | ||||||||||
| Ratio of Earnings to Fixed Charges |
5.6 | 6.5 | 5.3 | 6.7 | 8.2 | |||||||||||||||
| (1) | One-third of total rent expense is the portion deemed representative of the interest factor. |
| (2) | Fixed charges represent gross interest expense plus the interest portion of rent expense. |