EX-12 3 exhibit12.htm PFGC 2002 EXHIBIT 12 EXHIBIT 12

EXHIBIT 12

PERFORMANCE FOOD GROUP COMPANY AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(UNAUDITED)

(DOLLARS IN THOUSANDS)

 

The following table sets forth our ratio of earnings to fixed charges for the periods indicated:

       

FISCAL YEAR ENDED
                           
       

December 28,
2002

December 29, 2001

December 30, 2000

January 1,
2000

January 2, 1999
                           

EARNINGS:

                          

Earnings before income taxes

    

$

106,362

$

65,295

$

42,239

$

31,251

$

27,375

Fixed charges, exclusive of capitalized interest

  

20,492

  

11,493

  

8,913

  

6,481

  

4,411
       

$

126,854

$

76,788

$

51,152

$

37,732

$

31,786
                           

FIXED CHARGES:

                          

Interest charge to expense

    

$

18,763

$

8,807

$

6,593

$

5,388

$

4,411

Interest portion of rental expense

  

1,729

  

2,686

  

2,320

  

1,093

  

-
                           

Fixed charges, exclusive of capitalized interest

  

20,492

  

11,493

  

8,913

  

6,481

  

4,411

Capitalized interest

        

169

  

483

  

782

  

322

  

1,044
       

$

20,661

$

11,976

$

9,695

$

6,803

$

5,455
                           

Ratio of earnings to fixed charges

  

6.1

  

6.4

  

5.3

  

5.5

  

5.8