Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - PILGRIMS PRIDE CORP | ppc-2017x12x31xexh21.htm |
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-2017x12x31xexh322.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-2017x12x31xexh321.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-2017x12x31xexh312.htm |
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-2017x12x31xexh311.htm |
| EX-23.1 - EXHIBIT 23.1 - PILGRIMS PRIDE CORP | ppc-2017x12x31xexh231conse.htm |
| 10-K - 10-K - PILGRIMS PRIDE CORP | ppc-2017x12x31x10k.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 982,066 | $ | 724,036 | $ | 1,001,324 | $ | 1,102,391 | $ | 573,940 | |||||||||
Add: Total fixed charges (see below) | 120,362 | 91,767 | 52,856 | 91,775 | 88,660 | ||||||||||||||
Less: Interest capitalized | (6,487 | ) | (2,808 | ) | (4,383 | ) | (4,628 | ) | (586 | ) | |||||||||
Total earnings | 1,095,941 | 812,995 | 1,049,797 | 1,189,538 | 662,014 | ||||||||||||||
Fixed charges: | |||||||||||||||||||
Interest(a) | 100,696 | 72,828 | 42,166 | 86,725 | 87,592 | ||||||||||||||
Portion of noncancelable lease expense representative of interest factor(b) | 19,666 | 18,939 | 10,690 | 5,050 | 1,068 | ||||||||||||||
Total fixed charges | 120,362 | 91,767 | 52,856 | 91,775 | 88,660 | ||||||||||||||
Ratio of earnings to fixed charges | 9.11 | 8.86 | 19.86 | 12.96 | 7.47 | ||||||||||||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.