EX-99.1 5 a08-30587_1ex99d1.htm EX-99.1

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 2, 2008 and for the three quarters ended November 8, 2008 and November 10, 2007.

 

 

 

November 8,

 

November 10,

 

February 2,

 

February 3,

 

January 28,

 

January 29,

 

January 31,

 

 

 

2008

 

2007

 

2008

 

2007

 

2006

 

2005

 

2004

 

 

 

(40 weeks)

 

(40 weeks)

 

(52 weeks)

 

(53 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

 

 

(in millions of dollars)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense

 

$

1,422

 

$

1,312

 

$

1,827

 

$

1,748

 

$

1,525

 

$

286

 

$

739

 

Fixed charges

 

670

 

650

 

855

 

870

 

895

 

950

 

983

 

Capitalized interest

 

(8

)

(11

)

(14

)

(13

)

(7

)

(5

)

(5

)

Pre-tax earnings before fixed charges

 

$

2,084

 

$

1,951

 

$

2,668

 

$

2,605

 

$

2,413

 

$

1,231

 

$

1,717

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

379

 

$

372

 

$

488

 

$

501

 

$

518

 

$

562

 

$

609

 

Portion of rental payments deemed to be interest

 

291

 

278

 

367

 

370

 

377

 

388

 

374

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

670

 

$

650

 

$

855

 

$

871

 

$

895

 

$

950

 

$

983

 

Ratio of earnings to fixed charges

 

3.1

 

3.0

 

3.1

 

3.0

 

2.7

 

1.3

 

1.7