EX-12 3 exhibit121.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 27,

 

 

 

 

 

 

 

 

2009

2008

2007

2006

2005

2004

Earnings:

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

 

 

 

 

 

 

 

before income taxes and minority interest

 

 

$(122)

$154 

$410 

$(268)

$441 

$456 

Add: Fixed charges

 

 

270 

272 

278 

325 

277 

315 

Add: Amortization of capitalized interest

 

 

3 

4 

3 

3 

2 

2 

Less: Capitalized interest

 

 

(2)

(3)

(2)

(8)

(6)

(3)

Total adjusted earnings

 

 

149

427 

689 

52 

714 

770 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

Interest

 

 

209 

212 

228 

263 

226 

269 

Capitalized interest

 

 

2 

3 

2 

8 

6 

3 

Amortization of debt discount expense

 

 

16 

3 

4 

5 

6 

6 

Rentals at computed interest factor (1)

 

 

43 

54 

44 

49 

39 

37 

Total fixed charges

 

 

$270 

$272 

$278 

$325 

$277 

$315 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

-

1.57 

2.48 

- 

2.58 

2.44 

 

 

 

 

 

 

 

 

 

Insufficient Coverage

 

 

$121 

$ - 

$ - 

$273 

$ - 

$ - 

 

 

 

 

 

 

 

 

 

 

 

(1)

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