EX-12.1 3 d358639dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

TreeHouse Foods, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)

 

                                                 
     Three Months Ended      Year Ended  
     March 31, 2017        December 31, 2016    

Earnings:

      

Income (loss) before income taxes

    $ 39.7      $ (195.4 ) 

Add (deduct):

      

Fixed charges

      40.1        154.8  

Capitalization of interest, net of amortization

      0.2        (1.5 ) 
  

 

 

     

 

 

  

Earnings available for fixed charges (a)

    $ 80.0      $ (42.1 ) 
  

 

 

     

 

 

  

Fixed charges:

      

Interest expense

    $ 29.7      $ 119.2  

Capitalized interest and tax interest

      0.4        2.5  

One third of rental expense (1)

      10.0        33.1  
  

 

 

     

 

 

  

Total fixed charges (b)

    $ 40.1      $ 154.8  
  

 

 

     

 

 

  
     

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

      2.00        (0.27 ) 
  

 

 

     

 

 

  

 

(1)  Considered to be representative of interest factor in rental expense.
(2)  The Company incurred a loss before income taxes for the year ended December 31, 2016. As a result, our earnings were less than our fixed charges by approximately $196.9 million.

 

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