Attached files
| file | filename |
|---|---|
| 10-K - 10-K - CONAGRA BRANDS INC. | cag-2018x10k.htm |
| EX-32 - EXHIBIT 32 - CONAGRA BRANDS INC. | cag-5x27x2018x10kex32.htm |
| EX-31.2 - EXHIBIT 31.2 - CONAGRA BRANDS INC. | cag-5x27x2018x10kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CONAGRA BRANDS INC. | cag-5x27x2018x10kex311.htm |
| EX-24 - EXHIBIT 24 - CONAGRA BRANDS INC. | cag-5x27x2018x10kex24.htm |
| EX-23 - EXHIBIT 23 - CONAGRA BRANDS INC. | cag-5x27x2018x10kex23.htm |
| EX-21 - EXHIBIT 21 - CONAGRA BRANDS INC. | cag-5x27x2018x10kex21.htm |
| EX-10.3.2 - EXHIBIT 10.3.2 - CONAGRA BRANDS INC. | cag-5x27x2018x10kex1032.htm |
Exhibit 12
Conagra Brands, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
($ in millions)
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations before income taxes and equity method investment earnings | $ | 874.8 | $ | 729.5 | $ | 108.8 | $ | 584.6 | $ | 376.0 | |||||||||
Add (deduct): | |||||||||||||||||||
Fixed charges | 186.9 | 225.7 | 328.4 | 361.7 | 420.4 | ||||||||||||||
Distributed income of equity method investees | 62.5 | 68.3 | 40.4 | 79.3 | 0.2 | ||||||||||||||
Capitalized interest | (3.5 | ) | (5.0 | ) | (7.8 | ) | (6.6 | ) | (13.6 | ) | |||||||||
Earnings available for fixed charges (a) | $ | 1,120.7 | $ | 1,018.5 | $ | 469.8 | $ | 1,019.0 | $ | 783.0 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 162.5 | $ | 199.2 | $ | 297.0 | $ | 329.2 | $ | 380.8 | |||||||||
Capitalized interest | 3.5 | 5.0 | 7.8 | 6.6 | 13.6 | ||||||||||||||
One third of rental expense (1) | 20.9 | 21.5 | 23.6 | 25.9 | 26.0 | ||||||||||||||
Total fixed charges (b) | $ | 186.9 | $ | 225.7 | $ | 328.4 | $ | 361.7 | $ | 420.4 | |||||||||
Ratio of earnings to fixed charges (a/b) | 6.0 | 4.5 | 1.4 | 2.8 | 1.9 | ||||||||||||||
(1) Considered to be representative of interest factor in rental expense.