EX-12.1 2 thsq32018ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
TreeHouse Foods, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)


 
 
Nine Months Ended
September 30, 2018
 
Year Ended December 31, 2017
Earnings:
 
 
 
 
(Loss) income before income taxes
 
$
(69.9
)
 
$
(524.6
)
Add (deduct):
 
 
 
 
Fixed charges
 
126.6

 
175.1

Capitalization of interest, net of amortization
 
(0.9
)
 
0.1

Earnings available for fixed charges (a)
 
$
55.8

 
$
(349.4
)
Fixed charges:
 
 
 
 
Interest expense
 
$
87.6

 
$
126.8

Capitalized interest and tax interest
 
0.7

 
2.9

One third of rental expense (1)
 
38.3

 
45.4

Total fixed charges (b)
 
$
126.6

 
$
175.1


 
 
 
 
Ratio of earnings to fixed charges (a/b) (2)
 
0.44

 
(2.00
)
 
 
 
 
 

(1) Considered to be representative of interest factor in rental expense.
(2) The Company incurred a loss before income taxes for the nine months ended September 30, 2018 and for the year
ended December 31, 2017. As a result, our earnings were insufficient to cover our fixed charges by approximately
$70.8 million and $524.5 million, respectively.