EX-99.1 6 a12-16442_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 28, 2012 and for the two quarters ended August 11, 2012 and August 13, 2011.

 

 

 

August 11,

 

August 13,

 

January 28,

 

January 29,

 

January 30,

 

January31,

 

February 2,

 

 

 

2012

 

2011

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

 

(28 weeks)

 

(28 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

 

 

(in millions of dollars)

 

Earnings: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense

 

$

 1,101

 

$

 1,064

 

$

 843

 

$

 1,734

 

$

 589

 

$

 1,967

 

$

 1,888

 

Fixed charges 

 

437

 

429

 

794

 

826

 

881

 

872

 

855

 

Capitalized interest 

 

(2

)

(4

)

(6

)

(7

)

(10

)

(11

)

(14

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges

 

$

 1,536

 

$

 1,489

 

$

 1,631

 

$

 2,553

 

$

 1,460

 

$

 2,828

 

$

 2,729

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest 

 

$

 249

 

$

 239

 

$

 441

 

$

 455

 

$

 512

 

$

 496

 

$

 488

 

Portion of rental payments deemed to be interest

 

188

 

190

 

353

 

371

 

369

 

376

 

367

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

 437

 

$

 429

 

$

 794

 

$

 826

 

$

 881

 

$

 872

 

$

 855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges 

 

3.5

 

3.5

 

2.1

 

3.1

 

1.7

 

3.2

 

3.2

 

 

1