EX-12.1 6 may2003_ex1201.txt Exhibit 12.1 Limited Brands, Inc. Ratio of Earnings to Fixed Charges (in thousands) 2002 2001 2000 1999 1998 ----------- ----------- ----------- ----------- ----------- Earnings -------- Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees $ 845,307 $ 956,255 $ 818,345 $ 858,641 $ 2,420,184 Portion of minimum rent representative of interest 166,712 164,609 167,000 174,010 178,670 Interest on indebtedness 29,559 33,960 58,244 78,297 68,528 ----------- ----------- ----------- ----------- ----------- Total Earnings as Adjusted $ 1,041,578 $ 1,154,824 $ 1,043,589 $ 1,110,948 $ 2,667,382 =========== =========== =========== =========== =========== Fixed Charges ------------- Interest on indebtedness $ 29,559 $ 33,960 $ 58,244 $ 78,297 $ 68,528 Portion of minimum rent representative of interest 166,712 164,609 167,000 174,010 178,670 ----------- ----------- ----------- ----------- ----------- Total Fixed Charges $ 196,271 $ 198,569 $ 225,244 $ 252,307 $ 247,198 =========== =========== =========== =========== =========== Ratio of Earnings to Fixed Charges 5.31 5.82 4.63 4.40 10.79 =========== =========== =========== =========== ===========