Attached files
| file | filename |
|---|---|
| 10-Q - THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED APRIL 2, 2017 - HERSHEY CO | a2017_formx10-qq1.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20170402exhibit321.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20170402exhibit312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20170402exhibit311.htm |
| EX-10.4 - FORM OF NOTICE OF AWARD OF PERFORMANCE STOCK UNITS (FEBRUARY 22, 2017) - HERSHEY CO | hsy_20170402exhibit104.htm |
| EX-10.3 - NONQUALIFIED STOCK OPTION AWARDS UNDER EQUITY AND INCENTIVE COMPENSATION PLAN - HERSHEY CO | hsy_20170402exhibit103.htm |
| EX-10.2(B) - NOTICE OF SPECIAL AWARD OF RESTRICTED STOCK UNITS (3-YEAR CLIFF, 02-22-2017) - HERSHEY CO | hsy_20170402exhibit102b.htm |
| EX-10.2(A) - NOTICE OF SPECIAL AWARD OF RESTRICTED STOCK UNITS (PRO-RATA, 02-22-2017) - HERSHEY CO | hsy_20170402exhibit102a.htm |
| EX-10.1 - FORM OF NOTICE OF AWARD OF RESTRICTED STOCK UNITS (FEBRUARY 22, 2017) - HERSHEY CO | hsy_20170402exhibit101.htm |
Exhibit 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Three Months Ended | |||||||
April 2, 2017 | April 3, 2016 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 168,361 | $ | 339,729 | |||
Add (deduct): | |||||||
Fixed charges | 27,702 | 26,322 | |||||
Amortization of capitalized interest | 233 | 611 | |||||
Capitalized interest | (984 | ) | (2,175 | ) | |||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | — | (448 | ) | ||||
Earnings as adjusted | $ | 195,312 | $ | 364,039 | |||
Fixed Charges: | |||||||
Interest expensed and capitalized | $ | 24,954 | $ | 23,525 | |||
Amortization of deferred debt issuance costs | 398 | 409 | |||||
Portion of rents representative of the interest factor (a) | 2,350 | 2,388 | |||||
Total fixed charges | $ | 27,702 | $ | 26,322 | |||
Ratio of earnings to fixed charges | 7.05 | 13.83 | |||||
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |