EX-99.1 7 a10-10775_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 30, 2010 and for the quarters ended May 22, 2010 and May 23, 2009.

 

 

 

May 22,

 

May 23,

 

January 30,

 

January 31,

 

February 2,

 

February 3,

 

January 28,

 

 

 

2010

 

2009

 

2010

 

2009

 

2008

 

2007

 

2006

 

 

 

(16 weeks)

 

(16 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(53 weeks)

 

(52 weeks)

 

 

 

 

 

 

 

(in millions of dollars)

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense

 

$

591

 

$

681

 

$

589

 

$

1,967

 

$

1,921

 

$

1,759

 

$

1,525

 

Fixed charges

 

248

 

280

 

881

 

872

 

855

 

870

 

895

 

Capitalized interest

 

(2

)

(3

)

(10

)

(11

)

(14

)

(13

)

(7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges

 

$

837

 

$

958

 

$

1,460

 

$

2,828

 

$

2,762

 

$

2,616

 

$

2,413

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

134

 

$

166

 

$

512

 

$

496

 

$

488

 

$

500

 

$

518

 

Portion of rental payments deemed to be interest

 

114

 

114

 

369

 

376

 

367

 

370

 

377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

248

 

$

280

 

$

881

 

$

872

 

$

855

 

$

870

 

$

895

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.4

 

3.4

 

1.7

 

3.2

 

3.2

 

3.0

 

2.7