EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
| Thirty-Nine Weeks Ended | ||||||
| September 29, | September 23, | |||||
| 2013 | 2012 | |||||
| Earnings: | ||||||
| Income before income taxes | $ | 430,259 | $ | 151,036 | ||
| Add: Total fixed charges (see below) | 69,562 | 84,581 | ||||
| Less: Interest capitalized | 455 | 1,196 | ||||
| Total earnings | 499,366 | 234,421 | ||||
| Fixed charges: | ||||||
| Interest(a) | 68,654 | 79,625 | ||||
| Portion of noncancelable lease expense representative of interest factor(b) | 908 | 4,956 | ||||
| Total fixed charges | 69,562 | 84,581 | ||||
| Ratio of earnings to fixed charges | 7.18 | 2.77 | ||||
| (a) | Interest includes amortization of capitalized financing fees. |
| (b) | One-third of noncancelable lease expense is assumed to be representative of the interest factor. |