EX-12 8 hnz10k4282013ex12.htm EXHIBIT 12 HNZ 10K 4/28/2013 EX12


Exhibit 12

H. J. HEINZ COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
 
Fiscal Years Ended
 
 
April 28, 2013
 
April 29, 2012
 
April 27, 2011
 
April 28, 2010
 
April 29, 2009
 
 
(52 Weeks)
 
(52 1/2 Weeks)
 
(52 Weeks)
 
(52 Weeks)
 
(52 Weeks)
 
 
(In thousands)
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
   Interest expense*
 
$
286,742

 
$
296,785

 
$
276,744

 
$
306,708

 
$
344,629

   Capitalized interest
 
1,365

 
480

 
1,897

 
2,716

 

   Interest component of rental expense
 
42,715

 
45,530

 
32,170

 
33,711

 
31,916

      Total fixed charges
 
$
330,822

 
$
342,795

 
$
310,811

 
$
343,135

 
$
376,545

 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income or loss from equity investees and income taxes
 
$
1,343,643

 
$
1,236,089

 
$
1,416,322

 
$
1,315,779

 
$
1,341,772

    Add: Interest expense*
 
286,742

 
296,785

 
276,744

 
306,708

 
344,629

Add: Interest component of rental expense
 
42,715

 
45,530

 
32,170

 
33,711

 
31,916

Add: Amortization of capitalized interest
 
755

 
783

 
754

 
367

 
633

      Earnings as adjusted
 
$
1,673,855

 
$
1,579,187

 
$
1,725,990

 
$
1,656,565

 
$
1,718,950

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
5.06

 
4.61

 
5.55

 
4.83

 
4.57


*
Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.