EX-12 2 exhibit12.htm RATIO OF EARNINGS TO FIXED CHARGES

EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES

      Thirty-Nine Weeks Ended
September 29,       September 23,
2013 2012
Earnings:
       Income before income taxes $         430,259 $         151,036
       Add: Total fixed charges (see below) 69,562 84,581
       Less: Interest capitalized 455 1,196
              Total earnings 499,366 234,421
Fixed charges:  
       Interest(a) 68,654 79,625
       Portion of noncancelable lease expense representative of interest factor(b) 908 4,956
              Total fixed charges 69,562 84,581
 
Ratio of earnings to fixed charges 7.18 2.77

(a)       Interest includes amortization of capitalized financing fees.
(b) One-third of noncancelable lease expense is assumed to be representative of the interest factor.