EX-12 12 l42543exv12.htm EX-12 exv12
Exhibit 12
 
H. J. Heinz Company and Subsidiaries
 
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands)
 
                                         
    Fiscal Years Ended  
    April 27,
 		    April 28,
 		    April 29,
 		    April 30,
 		    May 2,
 		 
    2011
 		    2010
 		    2009
 		    2008
 		    2007
 		 
    (52 weeks)     (52 weeks)     (52 weeks)     (52 weeks)     (52 weeks)  
 
Fixed Charges:
                                       
Interest expense(a)
  $ 279,482     $ 308,846     $ 347,756     $ 372,002     $ 340,199  
Capitalized interest
    1,897       2,716       —       —       —  
Interest component of rental expense
    33,056       34,506       32,655       30,691       30,035  
                                         
Total fixed charges
  $ 314,435     $ 346,068     $ 380,411     $ 402,693     $ 370,234  
                                         
Earnings:
                                       
Income from continuing operations before income or loss from equity investees and income taxes
  $ 1,374,169     $ 1,290,454     $ 1,319,883     $ 1,230,763     $ 1,120,389  
Add: Interest expense(a)
    279,482       308,846       347,756       372,002       340,199  
Add: Interest component of rental expense
    33,056       34,506       32,655       30,691       30,035  
Add: Amortization of capitalized interest
    754       367       633       1,408       2,793  
                                         
Earnings as adjusted
  $ 1,687,461     $ 1,634,173     $ 1,700,927     $ 1,634,864     $ 1,493,416  
                                         
Ratio of earnings to fixed charges
    5.37       4.72       4.47       4.06       4.03  
                                         
 
(a) Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.