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.