EX-12.1 3 rl-20180630x10qex121.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
RALPH LAUREN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


 
 
Three Months Ended
 
Fiscal Years Ended(a)
 
 
June 30,
2018
 
March 31, 2018
 
April 1, 2017
 
April 2, 2016
 
March 28, 2015
 
March 29, 2014
 
 
(millions)
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
 
  Income (loss) before income taxes
 
$
132.9

 
$
489.2

 
$
(104.9
)
 
$
551.8

 
$
987.4

 
$
1,095.8

    Add:
 
 
 
 
 
 
 
 
 
 
 
 
       Equity in losses (income) of equity-method investees
 
(0.5
)
 
4.5

 
5.2

 
10.9

 
11.5

 
9.4

       Fixed charges
 
41.8

 
165.9

 
165.9

 
178.4

 
172.0

 
170.2

Earnings available to cover fixed charges
 
$
174.2

 
$
659.6

 
$
66.2

 
$
741.1

 
$
1,170.9

 
$
1,275.4

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense
 
$
4.4

 
$
18.2

 
$
12.4

 
$
21.0

 
$
16.7

 
$
18.7

  Interest component of rent expense
 
37.4

 
147.7

 
153.5

 
157.4

 
155.3

 
151.5

Total fixed charges
 
$
41.8

 
$
165.9

 
$
165.9

 
$
178.4

 
$
172.0

 
$
170.2

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges(b)
 
4.2

 
4.0

 
0.4

 
4.2

 
6.8

 
7.5

 
(a) 
The fiscal year ended April 2, 2016 consisted of 53 weeks. All other fiscal years presented consisted of 52 weeks.
(b) 
All ratios have been calculated using unrounded numbers.