EX-12 3 exhibit12.htm RATIO OF EARNINGS TO FIXED CHARGES FOR THE TWENTY-SIX WEEKS ENDED JUNE 24, 2012

EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

      Twenty-Six Weeks Ended
June 24, 2012       June 26, 2011
Earnings:
 
       Income (loss) from continuing operations before income taxes $ 107,046 $ (254,229 )
       Add: Total fixed charges (see below) 57,411 61,478
       Less: Interest capitalized 771 1,701
              Total earnings         163,686           (194,452 )
 
Fixed charges:
       Interest(a) 53,941 55,646
 
       Portion of noncancellable lease expense representative of interest factor(b) 3,470 5,832
              Total fixed charges 57,411 61,478
 
Ratio of earnings to fixed charges 2.85 (c)

(a)      Interest includes amortization of capitalized financing fees.
(b)      One-third of noncancellable lease expense is assumed to representative of the interest factor.
(c)      Earnings were insufficient to cover fixed charges by $255.9 million.