Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-20150927xexhibit311.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-20150927xxexhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-20150927xxexhibit312.htm |
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-20150927xxexhibit322.htm |
| 10-Q - 10-Q - PILGRIMS PRIDE CORP | ppc-09272015x10q.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
Thirty-Nine Weeks Ended | |||||||
September 27, 2015 | September 28, 2014 | ||||||
(In thousands) | |||||||
Earnings: | |||||||
Income before income taxes | $ | 896,663 | $ | 829,367 | |||
Add: Total fixed charges (see below) | 35,876 | 48,010 | |||||
Less: Interest capitalized | 3,144 | 1,264 | |||||
Total earnings | $ | 929,395 | $ | 876,113 | |||
Fixed charges: | |||||||
Interest(a) | $ | 30,014 | $ | 46,671 | |||
Portion of noncancelable lease expense representative of interest factor(b) | 5,862 | 1,339 | |||||
Total fixed charges | $ | 35,876 | $ | 48,010 | |||
Ratio of earnings to fixed charges | 25.91 | 18.25 | |||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.