Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-20160327xxexhibit321.htm |
| 10-Q - 10-Q - PILGRIMS PRIDE CORP | ppc-03272016x10q.htm |
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-20160327xexhibit311.htm |
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-20160327xxexhibit322.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-20160327xxexhibit312.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
Thirteen Weeks Ended | |||||||
March 27, 2016 | March 29, 2015 | ||||||
(In thousands) | |||||||
Earnings: | |||||||
Income before income taxes | $ | 180,615 | $ | 315,687 | |||
Add: Total fixed charges (see below) | 14,934 | 7,495 | |||||
Less: Interest capitalized | 308 | 922 | |||||
Total earnings | $ | 195,241 | $ | 322,260 | |||
Fixed charges: | |||||||
Interest(a) | $ | 12,341 | $ | 5,777 | |||
Portion of noncancelable lease expense representative of interest factor(b) | 2,593 | 1,718 | |||||
Total fixed charges | $ | 14,934 | $ | 7,495 | |||
Ratio of earnings to fixed charges | 13.07 | 43.00 | |||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.