EX-12.1 3 d165585dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

TreeHouse Foods, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

 

     Three Months Ended     Year Ended  
     March 31, 2016           December 31, 2015        

Earnings:

     

(Loss) income before income taxes

    $ (4,780 )    $ 171,264   

Add (deduct):

     

Fixed charges

      33,183        70,067   

Capitalization of interest, net of amortization

      (308 )      (161 ) 
  

 

 

    

 

 

  

Earnings available for fixed charges (a)

    $ 28,095      $ 241,170   
  

 

 

    

 

 

  
    

Fixed charges:

     

Interest expense

    $ 25,668      $ 45,474   

Capitalized interest and tax interest

      432        511   

One third of rental expense (1)

      7,083        24,082   
  

 

 

    

 

 

  

Total fixed charges (b)

    $ 33,183      $ 70,067   
  

 

 

    

 

 

  
    

Ratio of earnings to fixed charges (a/b) (2)

      0.85        3.44   
  

 

 

    

 

 

  

(1) Considered to be representative of interest factor in rental expense.

 

(2)  The Company incurred a loss before income taxes for the three months ended March 31, 2016. As a result, our earnings were insufficient to cover our fixed charges by approximately $5.1 million.