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HSY » Topics » THE HERSHEY COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands of dollars except for ratios) (Unaudited)

This excerpt taken from the HSY 10-Q filed Nov 9, 2005.

THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(Unaudited)

  For the Nine Months Ended
 
  October 2,
2005
 October 3,
2004
Earnings:          
 
Income before income taxes   $ 528,924 $ 567,057  
 
Add (deduct):    
 
   Interest on indebtedness       64,883     49,729  
   Portion of rents representative of the    
     interest factor (a)       6,186     7,240  
   Amortization of debt expense       353     335  
   Amortization of capitalized interest       2,340     2,685  
           Earnings as adjusted     $ 602,686   $ 627,046  
Fixed Charges:    
 
   Interest on indebtedness     $ 64,883   $ 49,729  
   Portion of rents representative of the    
    interest factor (a)       6,186     7,240  
   Amortization of debt expense       353     335  
   Capitalized interest       --     2,597  
       Total fixed charges     $ 71,422   $ 59,901  
Ratio of earnings to fixed charges       8.44     10.47  
NOTE:

(a) Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases.

 

This excerpt taken from the HSY 10-Q filed Aug 9, 2005.

THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(Unaudited)

  For the Six Months Ended
 
  July 3,
2005
 July 4,
2004
Earnings:          
 
Income before income taxes   $ 338,966 $ 303,905  
 
Add (deduct):    
 
   Interest on indebtedness       40,839     31,243  
   Portion of rents representative of the    
     interest factor (a)       4,003     4,614  
   Amortization of debt expense       223     223  
   Amortization of capitalized interest       1,570     1,813  
          Earnings as adjusted     $ 385,601   $ 341,798  
Fixed Charges:    
 
   Interest on indebtedness     $ 40,839   $ 31,243  
   Portion of rents representative of the    
    interest factor (a)       4,003     4,614  
   Amortization of debt expense       223     223  
   Capitalized interest       --     2,400  
       Total fixed charges     $ 45,065   $ 38,480  
Ratio of earnings to fixed charges       8.56     8.88  
NOTE:

(a) Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases.

 

This excerpt taken from the HSY 10-Q filed May 11, 2005.

THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(Unaudited)

  For the Three Months Ended
  
  April 3,
2005
 April 4,
2004
Earnings:            
 
Income before income taxes     $ 186,469   $ 168,470  
Add (deduct):    
   Interest on indebtedness     19,669     15,399  
   Portion of rents representative of the  
     interest factor (a)     1,916     2,354  
   Amortization of debt expense     112     112  
   Amortization of capitalized interest     800     918  
          Earnings as adjusted   $ 208,966   $ 187,253  
Fixed Charges:    
 
   Interest on indebtedness   $ 19,669   $ 15,399  
   Portion of rents representative of the  
    interest factor (a)     1,916     2,354  
   Amortization of debt expense     112     112  
   Capitalized interest     -     1,238  
       Total fixed charges   $ 21,697   $ 19,103  
Ratio of earnings to fixed charges     9.63     9.80  

NOTE:

(a)     Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases.


EXCERPTS ON THIS PAGE:

10-Q
Nov 9, 2005
10-Q
Aug 9, 2005
10-Q
May 11, 2005
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