EX-12 2 exhibit12.htm RATIO OF EARNINGS TO FIXED CHARGES FOR THE THIRTEEN WEEKS ENDED MARCH 30, 2014

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

|  | Thirteen Weeks Ended
|  | March 30, 2014 |  | March 31, 2013
|  | (In thousands)
Earnings: |  |  |  |  |  |
Income from continuing operations before income taxes |  | $ | 150,199 |  | $ | 56,982
Add: Total fixed charges (see below) |  |  | 21,528 |  |  | 26,707
Less: Interest capitalized |  |  | 943 |  |  | 599
Total earnings |  | $ | 170,784 |  | $ | 83,090
Fixed charges: |  |  |  |  |  |
Interest(a) |  | $ | 20,416 |  | $ | 25,420
Portion of noncancelable lease expense representative of interest factor(b) |  |  | 1,112 |  |  | 1,287
Total fixed charges |  | $ | 21,528 |  | $ | 26,707
Ratio of earnings to fixed charges |  |  | 7.93 |  |  | 3.11

(a) | Interest includes amortization of capitalized financing fees.
(b) | One-third of noncancellable lease expense is assumed to be representative of the interest factor.