EX-99.1 5 a16-8026_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, 2016 and for the quarters ended May 21, 2016 and May 23, 2015.

 

 

 

May 21,

 

May 23,

 

January 30,

 

January 31,

 

February 1,

 

February 2,

 

January 28,

 

 

 

2016

 

2015

 

2016

 

2015

 

2014

 

2013

 

2012

 

 

 

(16 weeks)

 

(16 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(53 weeks)

 

(52 weeks)

 

 

 

(in millions of dollars)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense

 

$

1,045

 

$

954

 

$

3,094

 

$

2,649

 

$

2,282

 

$

2,302

 

$

843

 

Fixed charges

 

308

 

272

 

903

 

896

 

797

 

823

 

794

 

Capitalized interest

 

(4

)

(2

)

(9

)

(5

)

(5

)

(3

)

(6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges

 

$

1,349

 

$

1,224

 

$

3,988

 

$

3,540

 

$

3,074

 

$

3,122

 

$

1,631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

159

 

$

150

 

$

491

 

$

493

 

$

448

 

$

465

 

$

441

 

Portion of rental payments deemed to be interest

 

149

 

122

 

412

 

403

 

349

 

358

 

353

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

308

 

$

272

 

$

903

 

$

896

 

$

797

 

$

823

 

$

794

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

4.4

 

4.5

 

4.4

 

4.0

 

3.9

 

3.8

 

2.1

 

 

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