Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - LEVI STRAUSS & CO | lvis11272016ex-32.htm |
| EX-31.2 - EXHIBIT 31.2 - LEVI STRAUSS & CO | lvis11272016ex-312.htm |
| EX-31.1 - EXHIBIT 31.1 - LEVI STRAUSS & CO | lvis11272016ex-311.htm |
| EX-21 - EXHIBIT 21 - LEVI STRAUSS & CO | lvis11272016ex-21.htm |
| EX-10.28 - EXHIBIT 10.28 - LEVI STRAUSS & CO | lvis11272016ex-1028.htm |
| 10-K - 10-K - LEVI STRAUSS & CO | a2016yeform10-k.htm |
Exhibit 12 | ||||||||||||||||||||
LEVI STRAUSS & CO. AND SUBSIDIARIES | ||||||||||||||||||||
Statements re: Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
Year Ended | ||||||||||||||||||||
November 27, 2016 | November 29, 2015 | November 30, 2014 | November 24, 2013 | November 25, 2012 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 407,260 | $ | 310,398 | $ | 153,854 | $ | 322,613 | $ | 195,881 | ||||||||||
Add: Fixed charges | 142,458 | 146,500 | 182,831 | 195,071 | 197,771 | |||||||||||||||
Add: Amortization of capitalized interest | 869 | 958 | 1,040 | 876 | 571 | |||||||||||||||
Subtract: Capitalized interest | 1,085 | 1,121 | 905 | 1,201 | 1,028 | |||||||||||||||
Total earnings | $ | 549,502 | $ | 456,735 | $ | 336,820 | $ | 517,359 | $ | 393,195 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense (includes amortization of debt discount and costs) | $ | 73,170 | $ | 81,214 | $ | 117,597 | $ | 129,024 | $ | 134,694 | ||||||||||
Capitalized interest | 1,085 | 1,121 | 905 | 1,201 | 1,028 | |||||||||||||||
Interest factor in rental expense(1) | 68,203 | 64,165 | 64,329 | 64,846 | 62,049 | |||||||||||||||
Total fixed charges | $ | 142,458 | $ | 146,500 | $ | 182,831 | $ | 195,071 | $ | 197,771 | ||||||||||
Ratio of earnings to fixed charges | 3.9 | x | 3.1 | x | 1.8 | x | 2.7 | x | 2.0 | x | ||||||||||
______________
(1) | Utilized an assumed interest factor of 33% in rental expense. |