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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 12.1
TreeHouse Foods, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
| Three Months Ended |
|
| Year Ended |
| |||
|
| March 31, 2018 |
|
| December 31, 2017 |
| ||
Earnings: |
|
|
|
|
|
|
|
|
Loss before income taxes |
| $ | (43.9 | ) |
| $ | (524.6 | ) |
Add (deduct): |
|
|
|
|
|
|
|
|
Fixed charges |
|
| 41.7 |
|
|
| 175.1 |
|
Capitalization of interest, net of amortization |
|
| (0.3 | ) |
|
| 0.1 |
|
Earnings available for fixed charges (a) |
| $ | (2.5 | ) |
| $ | (349.4 | ) |
Fixed charges: |
|
|
|
|
|
|
|
|
Interest expense |
| $ | 28.5 |
|
| $ | 126.8 |
|
Capitalized interest and tax interest |
|
| 0.8 |
|
|
| 2.9 |
|
One third of rental expense (1) |
|
| 12.4 |
|
|
| 45.4 |
|
Total fixed charges (b) |
| $ | 41.7 |
|
| $ | 175.1 |
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (a/b) (2) |
|
| (0.06 | ) |
|
| (2.00 | ) |
(1) | Considered to be representative of interest factor in rental expense. |
(2) | The Company incurred a loss before income taxes for the quarter ended March 31, 2018 and for the year ended December 31, 2017. As a result, our earnings were insufficient to cover our fixed charges by approximately $44.2 million and $524.5 million, respectively. |