EX-12 6 exhibit12_1.htm TYSON FOODS, INC. RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

Three Months Ended

June 28,

March 29,

December 28,

2003

2003

2002

Net income for the period

79,129 

71,341 

39,363 

Add:  Provision for income taxes

43,538 

39,404 

21,695 

Add:  Minority interest

(19)

319 

80 

Fixed charges

79,562 

80,374 

90,770 

Less:  Capitalized interest

(903)

(732)

(888)

Income before taxes on income and fixed charges

201,307 

190,706 

151,020 

Fixed Charges:

Interest

69,145 

69,736 

80,041 

Capitalized interest

903 

732 

888 

Rentals at computed interest factor (1)

8,561 

8,832 

8,543 

Amortization of debt discount expense

953 

1,074 

1,298 

Total fixed charges

79,562 

80,374 

90,770 

Ratio of earnings to fixed charges

2.53 

2.37 

1.66 

 

Fiscal Years Ending

2002

2001

2000

1999

1998

Net income for the period

382,727 

87,859 

151,221 

230,048 

25,099 

Add:  Provision for income taxes

210,237 

58,362 

83,520 

129,355 

45,937 

Add:  Minority interest

(97)

18,750 

(182)

11,526 

Fixed charges

359,493 

175,457 

142,613 

159,072 

167,613 

Less:  Capitalized interest

(9,264)

(3,249)

(1,746)

(5,226)

(1,766)

Income before taxes on income and fixed charges

943,096 

337,179 

375,426 

524,775 

236,883 

Fixed Charges:

Interest

304,854 

143,718 

115,261 

128,035 

147,771 

Capitalized interest

9,264 

3,249 

1,746 

5,226 

1,766 

Rentals at computed interest factor (1)

37,504 

25,343 

22,052 

21,398 

15,598 

Amortization of debt discount expense

7,871 

3,147 

3,554 

4,413 

2,478 

Total fixed charges

359,493 

175,457 

142,613 

159,072 

167,613 

Ratio of earnings to fixed charges

2.62 

1.92 

2.63 

3.30 

1.41 

(1) Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs.

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