PILGRIMS PRIDE CORP - FORM 10-Q - EX-12 - EXHIBIT 12 - May 3, 2017

Attached files

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EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORPppc-03262017xexhibit322.htm
EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORPppc-03262017xexhibit321.htm
EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORPppc-03262017xexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORPppc-03262017xexhibit311.htm
EX-10.1 - EXHIBIT 10.1 - PILGRIMS PRIDE CORPppc-03262017xexhibit101.htm
10-Q - 10-Q - PILGRIMS PRIDE CORPppc-03262017x10q.htm


EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES

 
Thirteen Weeks Ended
 
March 26, 2017
 
March 27, 2016
 
(In thousands)
Earnings:
 
 
 
Income before income taxes
$
142,364

 
$
180,615

Add: Total fixed charges (see below)
17,122

 
14,934

Less: Interest capitalized
1,824

 
308

Total earnings
$
157,662

 
$
195,241

 
 
 
 
Fixed charges:
 
 
 
Interest(a)
$
14,209

 
$
12,341

Portion of noncancelable lease expense representative of interest factor(b)
2,913

 
2,593

Total fixed charges
$
17,122

 
$
14,934

 
 
 
 
Ratio of earnings to fixed charges
9.21

 
13.07


(a)    Interest includes amortization of capitalized financing fees.
(b)    One-third of noncancelable lease expense is assumed to be representative of the interest factor.




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