EX-99.1 5 a11-26964_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 29, 2011 and for the three quarters ended November 5, 2011 and November 6, 2010.

 

 

 

November 5,

 

November 6,

 

January 29,

 

January 30,

 

January 31,

 

February 2,

 

February 3,

 

 

 

2011

 

2010

 

2011

 

2010

 

2009

 

2008

 

2007

 

 

 

(40 weeks)

 

(40 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(53 weeks)

 

 

 

(in millions of dollars)

 

Earnings: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense

 

$

1,369

 

$

1,286

 

$

1,734

 

$

589

 

$

1,967

 

$

1,888

 

$

1,759

 

Fixed charges 

 

620

 

630

 

826

 

881

 

872

 

855

 

870

 

Capitalized interest 

 

(5

)

(6

)

(7

)

(10

)

(11

)

(14

)

(13

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges 

 

$

1,984

 

$

1,910

 

$

2,553

 

$

1,460

 

$

2,828

 

$

2,729

 

$

2,616

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest 

 

$

339

 

$

343

 

$

455

 

$

512

 

$

496

 

$

488

 

$

500

 

Portion of rental payments deemed to be interest 

 

281

 

287

 

371

 

369

 

376

 

367

 

370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges 

 

$

 620

 

$

 630

 

$

 826

 

$

 881

 

$

 872

 

$

 855

 

$

 870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges 

 

3.2

 

3.0

 

3.1

 

1.7

 

3.2

 

3.2

 

3.0

 

 

1