Attached files
file | filename |
---|---|
10-Q - THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED APRIL 1, 2018 - HERSHEY CO | a2018_formx10-qq1.htm |
EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20180401exhibit321.htm |
EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20180401exhibit312.htm |
EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20180401exhibit311.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 1, 2018 | April 2, 2017 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 449,231 | $ | 168,361 | |||
Add (deduct): | |||||||
Fixed charges | 36,674 | 27,702 | |||||
Amortization of capitalized interest | 269 | 233 | |||||
Capitalized interest | (1,299 | ) | (984 | ) | |||
Earnings as adjusted | $ | 484,875 | $ | 195,312 | |||
Fixed Charges: | |||||||
Interest expensed and capitalized | $ | 32,454 | $ | 24,954 | |||
Amortization of deferred debt issuance costs | 399 | 398 | |||||
Portion of rents representative of the interest factor (a) | 3,821 | 2,350 | |||||
Total fixed charges | $ | 36,674 | $ | 27,702 | |||
Ratio of earnings to fixed charges | 13.22 | 7.05 |
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |