EX-12 10 j1304601exv12.txt EXHIBIT 12 EXHIBIT 12 H. J. HEINZ COMPANY AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Fiscal Years Ended -------------------------------------------------------------- April 27, April 28, April 30, May 1, May 2, 2005 2004 2003 2002 2001 (52 Weeks) (52 Weeks) (52 Weeks) (52 Weeks) (52 Weeks) ---------- ---------- ---------- ---------- ---------- Fixed Charges: Interest expense(a)......... $ 238,412 $ 215,563 $ 226,152 $ 233,657 $ 265,062 Capitalized interest........ -- -- -- 48 8,239 Interest component of rental expense.................. 31,790 33,276 27,666 28,217 26,344 ---------- ---------- ---------- ---------- ---------- Total fixed charges...... $ 270,202 $ 248,839 $ 253,818 $ 261,922 $ 299,645 ---------- ---------- ---------- ---------- ---------- Earnings: Income from continuing operations before income taxes and cumulative effect of change in accounting principle..... $1,058,614 $1,168,551 $ 868,731 $1,050,520 $ 754,426 Add: Interest expense(a).... 238,412 215,563 226,152 233,657 265,062 Add: Interest component of rental expense........... 31,790 33,276 27,666 28,217 26,344 Add: Amortization of capitalized interest..... 2,012 1,924 1,666 1,862 2,129 ---------- ---------- ---------- ---------- ---------- Earnings as adjusted..... $1,330,828 $1,419,314 $1,124,215 $1,314,256 $1,047,961 ---------- ---------- ---------- ---------- ---------- Ratio of earnings to fixed charges..................... 4.93 5.70 4.43 5.02 3.50 ========== ========== ========== ========== ==========
(a) Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.