Exhibit 12
H. J. HEINZ COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Successor | Predecessor | ||||||||||||||||||||||
February 8 - December 29, 2013 | April 29 - June 7, 2013 | April 28, 2013 | April 29, 2012 | April 27, 2011 | April 28, 2010 | ||||||||||||||||||
(29 Weeks) | (6 Weeks) | (52 Weeks) | (52 1/2 Weeks) | (52 Weeks) | (52 Weeks) | ||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense* | $ | 417,960 | $ | 52,545 | $ | 286,742 | $ | 296,785 | $ | 276,744 | $ | 306,708 | |||||||||||
Capitalized interest | 2,047 | 21 | 1,365 | 480 | 1,897 | 2,716 | |||||||||||||||||
Interest component of rental expense | 38,001 | 4,756 | 42,715 | 45,530 | 32,170 | 33,711 | |||||||||||||||||
Total fixed charges | $ | 458,008 | $ | 57,322 | $ | 330,822 | $ | 342,795 | $ | 310,811 | $ | 343,135 | |||||||||||
Earnings: | |||||||||||||||||||||||
Income/(Loss) from continuing operations before income or loss from equity investees and income taxes | $ | (297,705 | ) | $ | (130,327 | ) | $ | 1,343,643 | $ | 1,236,089 | $ | 1,416,322 | $ | 1,315,779 | |||||||||
Add: Interest expense* | 417,960 | 52,545 | 286,742 | 296,785 | 276,744 | 306,708 | |||||||||||||||||
Add: Interest component of rental expense | 38,001 | 4,756 | 42,715 | 45,530 | 32,170 | 33,711 | |||||||||||||||||
Add: Amortization of capitalized interest | 420 | 91 | 755 | 783 | 754 | 367 | |||||||||||||||||
Earnings as adjusted | $ | 158,676 | $ | (72,935 | ) | $ | 1,673,855 | $ | 1,579,187 | $ | 1,725,990 | $ | 1,656,565 | ||||||||||
Ratio of earnings to fixed charges | 0.35 | (1.27 | ) | 5.06 | 4.61 | 5.55 | 4.83 |
* | Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness. |