Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - TreeHouse Foods, Inc. | d288039dex322.htm |
| EX-32.1 - EX-32.1 - TreeHouse Foods, Inc. | d288039dex321.htm |
| EX-31.2 - EX-31.2 - TreeHouse Foods, Inc. | d288039dex312.htm |
| EX-31.1 - EX-31.1 - TreeHouse Foods, Inc. | d288039dex311.htm |
| EX-23.1 - EX-23.1 - TreeHouse Foods, Inc. | d288039dex231.htm |
| EX-21.1 - EX-21.1 - TreeHouse Foods, Inc. | d288039dex211.htm |
| EX-18.1 - EX-18.1 - TreeHouse Foods, Inc. | d288039dex181.htm |
| 10-K - FORM 10-K - TreeHouse Foods, Inc. | d288039d10k.htm |
Exhibit 12.1
TREEHOUSE FOODS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Earnings: |
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| (Loss) income before income taxes |
$ | (195,363 | ) | $ | 171,264 | $ | 136,570 | $ | 124,910 | $ | 124,209 | |||||||||
| Add (deduct): |
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| Fixed charges |
154,794 | 70,067 | 62,206 | 66,913 | 69,246 | |||||||||||||||
| Capitalization of interest, net of amortization |
(1,557 | ) | (161 | ) | (48 | ) | 389 | (343 | ) | |||||||||||
| Other |
— | — | — | 231 | 374 | |||||||||||||||
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| Earnings available for fixed charges (a) |
$ | (42,126 | ) | $ | 241,170 | $ | 198,728 | $ | 192,443 | $ | 193,486 | |||||||||
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| Fixed charges: |
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| Interest expense |
$ | 119,155 | $ | 45,474 | $ | 42,036 | $ | 49,304 | $ | 51,609 | ||||||||||
| Capitalized interest and tax interest |
2,553 | 511 | 135 | 57 | 568 | |||||||||||||||
| One third of rental expense (1) |
33,086 | 24,082 | 20,035 | 17,552 | 17,069 | |||||||||||||||
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| Total fixed charges (b) |
$ | 154,794 | $ | 70,067 | $ | 62,206 | $ | 66,913 | $ | 69,246 | ||||||||||
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| Ratio of earnings to fixed charges (a/b)(2) |
(0.27 | ) | 3.44 | 3.19 | 2.88 | 2.79 | ||||||||||||||
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| (1) | Considered to be representative of interest factor in rental expense. |
| (2) | The Company incurred a loss before income taxes for the year ended December 31, 2016. As a result, our earnings were insufficient to cover our fixed charges by approximately $196.9 million. |
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