EX-99.1 3 l90353aex99-1.txt EXHIBIT 99.1 1 EXHIBIT 99.1 ------------ Schedule of computation of ratio of earnings to fixed charges of The Kroger Co. and consolidated subsidiary companies for the five fiscal years ended February 3, 2001 and for the two quarters ended August 18, 2001 and August 12, 2000.
August 18, August 12, February 3, January 29, January 2, December 27, December 28, 2001 2000 2001 2000 1999 1997 1996 (28 weeks) (28 weeks) (53 weeks) (52 weeks) (53 weeks) (52 weeks) (52 weeks) -------------- -------------- -------------- -------------- ------------- -------------- ------------ (in millions of dollars) Earnings: Earnings before tax expense and extraordinary loss.... $ 917 $ 527 $ 1,508 $ 1,102 $ 889 $ 954 $ 701 Fixed charges.......... 571 568 1,058 1,010 1,038 679 595 Capitalized interest... (6) (4) (7) (5) (9) (10) (12) ------- ------- ------- ------- ------- ------- ------- $ 1,482 $ 1,091 $ 2,559 $ 2,107 $ 1,918 $ 1,623 $ 1,284 ======= ======= ======= ======= ======= ======= ======= Fixed charges: Interest............... $ 363 $ 365 $ 683 $ 644 $ 654 $ 397 $ 361 Portion of rental Payments deemed to be interest........ 208 203 375 366 384 282 234 ------- ------- ------- ------- ------- ------- ------- $ 571 $ 568 $ 1,058 $ 1,010 $ 1,038 $ 679 $ 595 ======= ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges.......... 2.6 1.9 2.4 2.1 1.8 2.4 2.2