EX-99.1 5 a09-16790_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 January 31, 2009 and for the quarters ended May 23, 2009 and May 24, 2008.

 

 

 

May 23,

 

May 24,

 

January 31,

 

February 2,

 

February 3,

 

January 28,

 

January 29,

 

 

 

2009

 

2008

 

2009

 

2008

 

2007

 

2006

 

2005

 

 

 

(16 weeks)

 

(16 weeks)

 

(52 weeks)

 

(52 weeks)

 

(53 weeks)

 

(52 weeks)

 

(52 weeks)

 

 

 

(in millions of dollars)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense

 

$

681

 

$

617

 

$

1,968

 

$

1,841

 

$

1,759

 

$

1,525

 

$

286

 

Fixed charges

 

280

 

275

 

871

 

855

 

870

 

895

 

950

 

Capitalized interest

 

(3

)

(5

)

(11

)

(14

)

(13

)

(7

)

(5

)

Pre-tax earnings before fixed charges

 

$

958

 

$

887

 

$

2,828

 

$

2,682

 

$

2,616

 

$

2,413

 

$

1,231

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

166

 

$

157

 

$

495

 

$

488

 

$

500

 

$

518

 

$

562

 

Portion of rental payments deemed to be interest

 

114

 

118

 

376

 

367

 

370

 

377

 

388

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

280

 

$

275

 

$

871

 

$

855

 

$

870

 

$

895

 

$

950

 

Ratio of earnings to fixed charges

 

3.4

 

3.2

 

3.2

 

3.1

 

3.0

 

2.7

 

1.3

 

 

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