EX-12 3 l39903exv12.htm EX-12 exv12
 
Exhibit 12
 
H. J. Heinz Company and Subsidiaries
 
 
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands)
 
                                         
    Fiscal Years Ended  
    April 28,
 		    April 29,
 		    April 30,
 		    May 2,
 		    May 3,
 		 
    2010
 		    2009
 		    2008
 		    2007
 		    2006
 		 
    (52 weeks)     (52 weeks)     (52 weeks)     (52 weeks)     (53 weeks)  
 
Fixed Charges:
                                       
Interest expense(a)
  $ 308,846     $ 347,756     $ 372,002     $ 340,199     $ 323,247  
Capitalized interest
    2,716       —       —       —       —  
Interest component of rental expense
    34,506       32,655       30,691       30,035       27,960  
                                         
Total fixed charges
  $ 346,068     $ 380,411     $ 402,693     $ 370,234     $ 351,207  
                                         
Earnings:
                                       
Income from continuing operations before income or loss from equity investees and income taxes
  $ 1,290,454     $ 1,319,883     $ 1,230,763     $ 1,120,389     $ 678,692  
Add: Interest expense(a)
    308,846       347,756       372,002       340,199       323,247  
Add: Interest component of rental expense
    34,506       32,655       30,691       30,035       27,960  
Add: Amortization of capitalized interest
    367       633       1,408       2,793       1,818  
                                         
Earnings as adjusted
  $ 1,634,173     $ 1,700,927     $ 1,634,864     $ 1,493,416     $ 1,031,717  
                                         
Ratio of earnings to fixed charges
    4.72       4.47       4.06       4.03       2.94  
                                         
 
(a) Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.