Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PILGRIMS PRIDE CORP | ppc-07012018xexhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - PILGRIMS PRIDE CORP | ppc-07012018xexhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - PILGRIMS PRIDE CORP | ppc-07012018xexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - PILGRIMS PRIDE CORP | ppc-07012018xexhibit311.htm |
| 10-Q - 10-Q - PILGRIMS PRIDE CORP | ppc-07012018x10q.htm |
EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
Twenty-Six Weeks Ended | |||||||
July 1, 2018 | June 25, 2017 | ||||||
(In thousands) | |||||||
Earnings: | |||||||
Income before income taxes | $ | 301,087 | $ | 510,579 | |||
Add: Total fixed charges (see below) | 104,276 | 52,877 | |||||
Less: Interest capitalized | 2,386 | 3,846 | |||||
Total earnings | $ | 402,977 | $ | 559,610 | |||
Fixed charges: | |||||||
Interest(a) | $ | 92,953 | $ | 45,526 | |||
Portion of noncancelable lease expense representative of interest factor(b) | 11,323 | 7,351 | |||||
Total fixed charges | $ | 104,276 | $ | 52,877 | |||
Ratio of earnings to fixed charges | 3.86 | 10.58 | |||||
(a) Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.