EX-12.1 2 kc120844121.htm EXHIBIT 12.1

EXHIBIT 12.1

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED JANUARY 28, 2006

 

 

January 28,
2006
(52 weeks)

 

January 29,
2005
(52 weeks)

 

January 31,
2004
(52 weeks)

 

February 1,
2003
(52 weeks)

 

February 2,
2002
(52 weeks)

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense(1)

 

$

1,525

 

$

286

 

$

739

 

$

1,950

 

$

1,706

 

Fixed charges(1)

 

 

895

 

 

950

 

 

983

 

 

1,000

 

 

1,032

 

Capitalized interest

 

 

(7

)

 

(5

)

 

(5

)

 

(5

)

 

(9

)

 

 

 

 

 

 

 

 

 

$

2,413

 

$

1,231

 

$

1,717

 

$

2,945

 

$

2,729

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest(1)

 

$

518

 

$

562

 

$

609

 

$

624

 

$

659

 

Portion of rental Payments deemed to be interest

 

 

377

 

 

388

 

 

374

 

 

376

 

 

373

 

 

 

 

 

 

 

 

 

 

$

895

 

$

950

 

$

983

 

$

1,000

 

$

1,032

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges(1)

 

 

2.7

 

 

1.3

 

 

1.7

 

 

2.9

 

 

2.6

 

(1)

Amounts have been adjusted for the Company’s adoption of SFAS No. 145 on February 2, 2003. Adoption of this Statement required the Company to reclassify the debt extinguishments recorded as extraordinary items in prior periods as interest expense in those periods. These debt extinguishments totaled $19 million in the fiscal year ended February 1, 2003. There were no debt extinguishments recorded as extraordinary items during the fiscal year ended February 2, 2002.