EX-12 4 exhibit12_1.htm TYSON FOODS, INC. - EXHIBIT 12.1

EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges

 

(dollars in millions)

 

Nine

 

 

 

Months

 

 

 

Ending

Fiscal Years

 

 

June 28,

 

 

 

 

 

 

 

2008

2007

2006

2005

2004

2003

Earnings:

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

 

 

 

 

 

 

before income taxes

 

$65 

$410 

$(268)

$441 

$456 

$475 

Add: Fixed charges

 

197 

278 

325 

277 

315 

337 

Add: Amortization of capitalized interest

 

3 

3 

3 

2 

2 

2 

Less: Capitalized interest

 

(2)

(2)

(8)

(6)

(3)

(3)

Total adjusted earnings

 

263 

689 

52 

714 

770 

811 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

Interest

 

157 

228 

263 

226 

269 

294 

Capitalized interest

 

2 

2 

8 

6 

3 

3 

Amortization of debt discount expense

 

2 

4 

5 

6 

6 

5 

Rentals at computed interest factor (1)

 

36 

44 

49 

39 

37 

35 

Total fixed charges

 

$197 

$278 

$325 

$277 

$315 

$337 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

1.34 

2.48 

- 

2.58 

2.44 

2.41 

 

 

 

 

 

 

 

 

Insufficient Coverage

 

$ - 

$ - 

$273 

$ - 

$ - 

$ - 

 

 

 

 

 

 

 

 

 

 

(1)

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