EX-12.1 7 aap_exhibit121x1032015.htm EXHIBIT 12.1 AAP_Exhibit 12.1_1.03.2015


Exhibit 12.1


Advance Auto Parts, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
In Thousands, Except Ratio Data

 
 
Fiscal Year (1)
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings:
 
 
 
 
 
 
 
 
 
 
Earnings Before Income Taxes
 
781,394

 
626,398

 
624,074

 
633,236

 
557,055

Add: Fixed Charges
 
301,297

 
195,327

 
170,426

 
187,812

 
177,045

Less: Capitalized Interest
 
(2,145
)
 
(2,077
)
 
(2,064
)
 
(2,191
)
 
(854
)
Adjusted Earnings
 
1,080,546

 
819,648

 
792,436

 
818,857

 
733,246

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest Expense (2)
 
75,553

 
38,694

 
35,905

 
33,140

 
27,715

Portion of rent estimated to represent interest
 
225,744

 
156,633

 
134,521

 
154,672

 
149,330

Total Fixed Charges
 
301,297

 
195,327

 
170,426

 
187,812

 
177,045

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.6

 
4.2

 
4.6

 
4.4

 
4.1


(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 2014 which consisted of 53 weeks.
(2) 
Including amortization of debt discount and debt issuance costs.