Attached files
file | filename |
---|---|
EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20180930exhibit321.htm |
EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20180930exhibit312.htm |
EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20180930exhibit311.htm |
EX-10.1 - LETTER AGREEMENT TERMINATING THE 364 DAY CREDIT FACILITY - HERSHEY CO | hsy_20180930exhibit101.htm |
10-Q - THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2018 - HERSHEY CO | a2018_formx10-qq3.htm |
EXHIBIT 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Nine Months Ended | |||||||
September 30, 2018 | October 1, 2017 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 1,066,091 | $ | 850,279 | |||
Add (deduct): | |||||||
Fixed charges | 122,523 | 85,075 | |||||
Amortization of capitalized interest | 853 | 759 | |||||
Capitalized interest | (3,876 | ) | (2,892 | ) | |||
Earnings as adjusted | $ | 1,185,591 | $ | 933,221 | |||
Fixed Charges: | |||||||
Interest expensed and capitalized | $ | 109,156 | $ | 75,030 | |||
Amortization of deferred debt issuance costs | 1,773 | 1,178 | |||||
Portion of rents representative of the interest factor (a) | 11,594 | 8,867 | |||||
Total fixed charges | $ | 122,523 | $ | 85,075 | |||
Ratio of earnings to fixed charges | 9.68 | 10.97 |
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |