EX-12 2 ex12.htm COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES ex12.htm
EXHIBIT 12
  
PILGRIM’S PRIDE CORPORATION
  
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
  
   
   
Nine Months Ended
  
   
June 27,
2009
    
June 28,
2008
  
Earnings (loss):
  
(In thousands, except ratios)
  
Loss from continuing operations before income taxes
   $ (231,725 )   $ (278,488 )
Add:  Total fixed charges
     138,498       111,777  
Less:  Interest capitalized
     1,681       4,216  
                 
Total earnings (loss)
   $ (94,908 )   $ (170,927 )
                 
Fixed charges:
                
Interest charges
   $ 126,536     $ 103,428  
Portion of noncancelable lease expense representative
of the interest factor
     12,412       8,349  
                 
Total fixed charges
   $ 138,948     $ 111,777  
                 
Ratio of earnings to fixed charges
  
(a)
    
(b)
  

(a)  Earnings were insufficient to cover fixed charges by $233,856.

(b)  Earnings were insufficient to cover fixed charges by $282,704.