EX-12 2 ex12.htm COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES ex12.htm
EXHIBIT 12
  
PILGRIM’S PRIDE CORPORATION
  
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
  
   
   
Six Months Ended
  
   
March 28,
2009
    
March 29,
2008
  
Earnings (loss):
  
(In thousands, except ratios)
  
Loss from continuing operations before income taxes
   $ (285,520 )   $ (201,769 )
Add:  Total fixed charges
     94,840       69,557  
Less:  Interest capitalized
     1,280       3,220  
                 
Total earnings (loss)
   $ (191,960 )   $ (135,432 )
                 
Fixed charges:
                
Interest charges
   $ 87,292     $ 67,008  
Portion of noncancelable lease expense representative
of the interest factor
     7,548       2,549  
                 
Total fixed charges
   $ 94,840     $ 69,557  
                 
Ratio of earnings to fixed charges
  
(a)
    
(b)
  
 

(a)  Earnings were insufficient to cover fixed charges by $286,800.

(b)  Earnings were insufficient to cover fixed charges by $204,989.