EX-12 2 exhibit121.htm TYSON FOODS, INC. - EXHIBIT 12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Three Months Ended

 

 

July 2,

Apr. 2,

Jan. 1,

 

 

2005

2005

2005

 

 

 

 

 

Net income for the period

 

130,462 

75,762 

48,481 

Add: Provision for income taxes

 

70,883 

43,696 

27,996 

Add: Minority interest

 

(21)

23 

Fixed charges

 

68,638 

69,598 

69,217 

Less: Capitalized interest

 

(1,755)

(1,042)

(1,010)

Income before taxes on income and fixed charges

 

268,207 

188,037 

144,686 

 

 

 

 

 

Fixed Charges:

 

 

 

 

Interest

 

55,972 

58,077 

58,172 

Capitalized interest

 

1,755 

1,042 

1,010 

Rentals at computed interest factor (1)

 

9,905 

9,548 

9,107 

Amortization of debt discount expense

 

1,006 

931 

928 

Total fixed charges

 

68,638 

69,598 

69,217 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.91 

2.70 

2.09 

 

 

 

 

 

 

 

Fiscal Years Ending

 

 

2004

2003

2002

2001

2000

 

 

 

 

 

 

 

Net income for the period

 

402,907 

337,408 

382,727 

87,859 

151,221 

Add: Provision for income taxes

 

232,392 

185,493 

210,237 

58,362 

83,520 

Add: Minority interest

 

(68)

248 

(97)

18,750 

(182)

Fixed charges

 

314,681 

337,164 

351,622 

175,457 

142,613 

Less: Capitalized interest

 

(3,491)

(3,325)

(9,264)

(3,249)

(1,746)

Income before taxes on income and fixed charges

 

946,421 

856,988 

935,225 

337,179 

375,426 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

Interest

 

268,438 

294,175 

296,983 

143,718 

115,261 

Capitalized interest

 

3,491 

3,325 

9,264 

3,249 

1,746 

Rentals at computed interest factor (1)

 

37,010 

34,730 

37,504 

25,343 

22,052 

Amortization of debt discount expense

 

5,742 

4,934 

7,871 

3,147 

3,554 

Total fixed charges

 

314,681 

337,164 

351,622 

175,457 

142,613 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.01 

2.54 

2.66 

1.92 

2.63 

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

 

 

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