EX-12 2 ppc-20150927xexhibit12.htm EXHIBIT 12

Exhibit

EXHIBIT 12

PILGRIM'S PRIDE CORPORATION

COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES

	Thirty-Nine Weeks Ended
	September 27, 2015				September 28, 2014
	(In thousands)
Earnings:
Income before income taxes	$	896,663			$	829,367
Add: Total fixed charges (see below)	35,876				48,010
Less: Interest capitalized	3,144				1,264
Total earnings	$	929,395			$	876,113
Fixed charges:
Interest(a)	$	30,014			$	46,671
Portion of noncancelable lease expense representative of interest factor(b)	5,862				1,339
Total fixed charges	$	35,876			$	48,010
Ratio of earnings to fixed charges	25.91				18.25

(a)    Interest includes amortization of capitalized financing fees.

(b)    One-third of noncancelable lease expense is assumed to be representative of the interest factor.