EXHIBIT 12
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
January 29, |
January 30, |
January 31, |
February 1, |
February 3, |
|
2000 |
1999 |
1998 |
1997 |
1996 * |
|
Consolidated pretax income |
$283,949 |
$219,084 |
$410,035 |
$378,761 |
$269,653 |
Fixed charges (less capitalized |
|||||
interest) |
261,638 |
219,341 |
147,466 |
139,188 |
139,666 |
EARNINGS |
$545,587 |
$438,425 |
$557,501 |
$517,949 |
$409,319 |
Interest |
$236,566 |
$196,680 |
$129,237 |
$120,599 |
$120,054 |
Capitalized interest |
5,177 |
3,050 |
3,644 |
4,420 |
3,567 |
Interest factor in rent expense |
25,072 |
22,661 |
18,229 |
18,589 |
19,612 |
FIXED CHARGES |
$266,815 |
$222,391 |
$151,110 |
$143,608 |
$143,233 |
Ratio of earnings to fixed |
|||||
charges |
2.04 |
1.97 |
3.69 |
3.61 |
2.86 |
*53 week year.