Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Lamb Weston Holdings, Inc. | lw-20180527x10k.htm |
| EX-32.2 - EX-32.2 - Lamb Weston Holdings, Inc. | lw-20180527ex3226eba1c.htm |
| EX-32.1 - EX-32.1 - Lamb Weston Holdings, Inc. | lw-20180527ex321efd5d4.htm |
| EX-31.2 - EX-31.2 - Lamb Weston Holdings, Inc. | lw-20180527ex312c05baa.htm |
| EX-31.1 - EX-31.1 - Lamb Weston Holdings, Inc. | lw-20180527ex31131e910.htm |
| EX-23.1 - EX-23.1 - Lamb Weston Holdings, Inc. | lw-20180527ex2313389cd.htm |
| EX-21.1 - EX-21.1 - Lamb Weston Holdings, Inc. | lw-20180527ex211e49064.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
|
|
For the Fiscal Years Ended May |
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|
|
2018 |
|
2017 |
|
2016 |
|
2015 |
|
2014 |
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|||||
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Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before income taxes and equity method investment earnings |
$ |
471.3 |
|
$ |
457.1 |
|
$ |
367.4 |
|
$ |
375.3 |
|
$ |
358.4 |
|
|
Add (deduct): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges |
|
133.9 |
|
|
87.4 |
|
|
31.7 |
|
|
30.2 |
|
|
36.0 |
|
|
Distributed income of equity method investees |
|
48.5 |
|
|
31.0 |
|
|
37.9 |
|
|
12.0 |
|
|
45.8 |
|
|
Capitalized interest |
|
(4.2) |
|
|
(5.2) |
|
|
(2.7) |
|
|
(1.6) |
|
|
(6.0) |
|
|
Earnings available for fixed charges (a) |
$ |
649.5 |
|
$ |
570.3 |
|
$ |
434.3 |
|
$ |
415.9 |
|
$ |
434.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
$ |
108.8 |
|
$ |
61.2 |
|
$ |
5.9 |
|
$ |
6.1 |
|
$ |
5.3 |
|
|
Capitalized interest |
|
4.2 |
|
|
5.2 |
|
|
2.7 |
|
|
1.6 |
|
|
6.0 |
|
|
Interest portion of rent expense (1) |
|
20.9 |
|
|
21.0 |
|
|
23.1 |
|
|
22.5 |
|
|
24.7 |
|
|
Total fixed charges (b) |
$ |
133.9 |
|
$ |
87.4 |
|
$ |
31.7 |
|
$ |
30.2 |
|
$ |
36.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (a/b) |
|
4.9 |
x |
|
6.5 |
x |
|
13.7 |
x |
|
13.8 |
x |
|
12.1 |
x |
(1) The interest portion of rent expense represents the estimated interest component of such rent payments.