Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-20160925xexhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-20160925xexhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-20160925xexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-20160925xexhibit311.htm |
| EX-10.2 - EXHIBIT 10.2 - PILGRIMS PRIDE CORP | ppc-20160925xexhibit102.htm |
| EX-10.1 - EXHIBIT 10.1 - PILGRIMS PRIDE CORP | ppc-20160925xexhibit101mex.htm |
| 10-Q - 10-Q - PILGRIMS PRIDE CORP | ppc-09252016x10q.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
Thirty-Nine Weeks Ended | |||||||
September 25, 2016 | September 27, 2015 | ||||||
(In thousands) | |||||||
Earnings: | |||||||
Income before income taxes | $ | 561,627 | $ | 896,663 | |||
Add: Total fixed charges (see below) | 45,182 | 35,876 | |||||
Less: Interest capitalized | 1,653 | 3,144 | |||||
Total earnings | $ | 605,156 | $ | 929,395 | |||
Fixed charges: | |||||||
Interest(a) | $ | 37,193 | $ | 30,014 | |||
Portion of noncancelable lease expense representative of interest factor(b) | 7,989 | 5,862 | |||||
Total fixed charges | $ | 45,182 | $ | 35,876 | |||
Ratio of earnings to fixed charges | 13.39 | 25.91 | |||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.