EX-12.1 7 a2059091zex-12_1.htm EX-12.1 Prepared by MERRILL CORPORATION
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Exhibit 12.1


Best Buy Co., Inc.
Computations of Ratios of Earnings to Fixed Charges for the
Three Months Ended June 2, 2001 and May 27, 2000
and for the Five Years Ended March 3, 2001, February 26, 2000
February 27, 1999, February 28, 1998 and March 1, 1997

(Thousands of Dollars)

 
  Three Months Ended
  Fiscal Years
 
 
  June 2,
2001

  May 27,
2000

  Mar. 3,
2001

  Feb. 26,
2000

  Feb. 27,
1999

  Feb. 28,
1998

  Mar. 1,
1997

 
Ratio of Earnings to Fixed Charges:                                            
Earnings:                                            
  Net earnings   $ 55,264   $ 72,158   $ 395,839   $ 347,070   $ 216,282   $ 81,938   $ (6,177 )
  Income taxes     35,500     44,800     245,640     215,500     135,395     51,465     (3,946 )
   
 
 
 
 
 
 
 
  Total earnings     90,764     116,958     641,479     562,570     351,677     133,403     (10,123 )
   
 
 
 
 
 
 
 
Fixed charges:                                            
  Interest portion of rental expense     36,371     19,665     89,912     68,400     55,980     48,570     41,910  
  Interest expense     5,898     758     7,059     5,403     21,177     39,809     52,896  
   
 
 
 
 
 
 
 
  Total fixed charges     42,269     20,423     96,971     73,803     77,157     88,379     94,806  
   
 
 
 
 
 
 
 
Less:                                            
  Capitalized interest     0     0     0     0     0     0     0  
   
 
 
 
 
 
 
 
  Fixed charges in earnings     42,269     20,423     96,971     73,803     77,157     88,379     94,806  
   
 
 
 
 
 
 
 
Earnings available for fixed charges   $ 133,033   $ 137,381   $ 738,450   $ 636,373   $ 428,834   $ 221,782   $ 84,683  
   
 
 
 
 
 
 
 
Ratio of earnings to fixed charges     3.15     6.73     7.62     8.62     5.56     2.51     0.89  
   
 
 
 
 
 
 
 



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Best Buy Co., Inc. Computations of Ratios of Earnings to Fixed Charges for the Three Months Ended June 2, 2001 and May 27, 2000 and for the Five Years Ended March 3, 2001, February 26, 2000 February 27, 1999, February 28, 1998 and March 1, 1997
(Thousands of Dollars)