EX-12.1 4 dex121.htm COMPUTATION OF RATIO/DEFICIENCY OF EARNINGS TO FIXED CHARGES Computation of Ratio/Deficiency of Earnings to Fixed Charges

Exhibit 12.1

Advance Auto Parts, Inc.

Statement Re Computation of Ratio of Earnings to Fixed Charges

In Thousands, Except Ratio Data

 

     Fiscal Year (1)  
     2009     2008     2007     2006     2005  

Earnings:

           

Earnings Before Income Taxes

    $ 431,655      $ 380,692      $ 382,634      $ 369,915      $ 378,923   

Add: Fixed Charges

      165,557        169,559        154,043        142,023        127,975   

Less: Capitalized Interest

      (186 )      (2,062 )      (1,384 )      (821 )      (261 ) 
                                        

Adjusted Earnings

    $ 597,026      $ 548,189      $ 535,293      $ 511,117      $ 506,637   
                                        

Fixed Charges:

           

Interest Expense

      23,523        35,791        36,193        36,813        32,645   

Rental Expense

      142,034        133,768        117,850        105,210        95,330   
                                        

Total Fixed Charges

    $ 165,557      $ 169,559      $ 154,043      $ 142,023      $ 127,975   
                                        

Ratio of Earnings to Fixed Charges

      3.6        3.2        3.5        3.6        4.0   

 

(1)

Our fiscal year consists of 52 or 53 weeks ending on the Saturday nearest December 31st. All fiscal years presented are 52 weeks, with the exception of Fiscal 2008 which consisted of 53 weeks.