Attached files
| file | filename |
|---|---|
| 10-Q - THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JULY 2, 2017 - HERSHEY CO | a2017_formx10-qq2.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20170702exhibit321.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20170702exhibit312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20170702exhibit311.htm |
Exhibit 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Six Months Ended | |||||||
July 2, 2017 | July 3, 2016 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 449,478 | $ | 573,025 | |||
Add (deduct): | |||||||
Fixed charges | 56,475 | 52,094 | |||||
Amortization of capitalized interest | 473 | 1,343 | |||||
Capitalized interest | (1,859 | ) | (3,561 | ) | |||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | — | (1,464 | ) | ||||
Earnings as adjusted | $ | 504,567 | $ | 621,437 | |||
Fixed Charges: | |||||||
Interest expensed and capitalized | $ | 50,253 | $ | 46,522 | |||
Amortization of deferred debt issuance costs | 792 | 801 | |||||
Portion of rents representative of the interest factor (a) | 5,430 | 4,771 | |||||
Total fixed charges | $ | 56,475 | $ | 52,094 | |||
Ratio of earnings to fixed charges | 8.93 | 11.93 | |||||
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |