EX-12 3 exhibit12.htm RATIO OF EARNINGS TO FIXED CHARGES FOR THE TWENTY-SIX WEEKS ENDED JUNE 24, 2012

EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

|  | Twenty-Six Weeks Ended
|  | June 24, 2012 |  | June 26, 2011
Earnings: |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  | $ | 107,046 |  | $ | (254,229 | )
Add: Total fixed charges (see below) |  |  | 57,411 |  |  | 61,478 |
Less: Interest capitalized |  |  | 771 |  |  | 1,701 |
Total earnings |  |  | 163,686 |  |  | (194,452 | )
Fixed charges: |  |  |  |  |  |  |
Interest(a) |  |  | 53,941 |  |  | 55,646 |
Portion of noncancellable lease expense representative of interest factor(b) |  |  | 3,470 |  |  | 5,832 |
Total fixed charges |  |  | 57,411 |  |  | 61,478 |
Ratio of earnings to fixed charges |  |  | 2.85 |  |  | (c) |

(a) |  | Interest includes amortization of capitalized financing fees.
(b) |  | One-third of noncancellable lease expense is assumed to representative of the interest factor.
(c) |  | Earnings were insufficient to cover fixed charges by $255.9 million.