Attached files
| file | filename |
|---|---|
| 10-Q - THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JULY 1, 2018 - HERSHEY CO | a2018_formx10-qq2.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20180701exhibit321.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20180701exhibit312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20180701exhibit311.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 1, 2018 | July 2, 2017 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 709,237 | $ | 449,478 | |||
Add (deduct): | |||||||
Fixed charges | 78,696 | 56,475 | |||||
Amortization of capitalized interest | 540 | 473 | |||||
Capitalized interest | (2,633 | ) | (1,859 | ) | |||
Earnings as adjusted | $ | 785,840 | $ | 504,567 | |||
Fixed Charges: | |||||||
Interest expensed and capitalized | $ | 69,927 | $ | 50,253 | |||
Amortization of deferred debt issuance costs | 1,024 | 792 | |||||
Portion of rents representative of the interest factor (a) | 7,745 | 5,430 | |||||
Total fixed charges | $ | 78,696 | $ | 56,475 | |||
Ratio of earnings to fixed charges | 9.99 | 8.93 | |||||
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |