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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)
| Six Months Ended |
|
| Year Ended |
| |||
|
| June 30, 2017 |
|
| December 31, 2016 |
| ||
Earnings: |
|
|
|
|
|
|
|
|
Loss before income taxes |
| $ | (16.3 | ) |
| $ | (195.4 | ) |
Add (deduct): |
|
|
|
|
|
|
|
|
Fixed charges |
|
| 84.1 |
|
|
| 154.8 |
|
Capitalization of interest, net of amortization |
|
| (0.3 | ) |
|
| (1.5 | ) |
Earnings available for fixed charges (a) |
| $ | 67.5 |
|
| $ | (42.1 | ) |
Fixed charges: |
|
|
|
|
|
|
|
|
Interest expense |
| $ | 61.5 |
|
| $ | 119.2 |
|
Capitalized interest and tax interest |
|
| 1.5 |
|
|
| 2.5 |
|
One third of rental expense (1) |
|
| 21.1 |
|
|
| 33.1 |
|
Total fixed charges (b) |
| $ | 84.1 |
|
| $ | 154.8 |
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (a/b) (2) |
|
| 0.80 |
|
|
| (0.27 | ) |
(1) | Considered to be representative of interest factor in rental expense. |
(2) | The Company incurred losses before income taxes for the six months ended June 30, 2017 and the year ended December 31, 2016. As a result, our earnings were less than our fixed charges by approximately $16.6 and $196.9 million, respectively. |