EX-12.1 4 a2092164zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1 The Pep Boys - Manny, Moe & Jack and subsidiaries Ratio of Earnings to Fixed Charges
52 weeks ended 52 weeks ended 52 weeks ended (in thousands, except ratios) January 31, 1998 January 30, 1999 January 29, 2000 ---------------- ---------------- ---------------- Calculation of Earnings: Earnings before income taxes and cummulative effect of changes in accounting principle............... $75,456 $7,284 $44,967 Fixed charges.......................... 57,885 69,002 72,618 Capitalized interest................... (1,861) (1,020) (1,098) --------------- ----------------- ---------------- (a) Total Earnings......................... $131,480 $75,266 $116,487 Calculation of Fixed Charges: Interest.............................. $39,656 $48,930 $51,557 Interest factor in rental expense..... 16,368 19,052 19,963 Capitalized interest.................. 1,861 1,020 1,098 --------------- ----------------- ---------------- (b) Total Fixed Charges.................... $57,885 $69,002 $72,618 --------------- ----------------- ---------------- (c) Ratio of Earnings to Fixed Charges (a/b)..................... 2.3 1.1 1.6 --------------- ----------------- ---------------- 53 weeks ended 52 weeks ended 26 weeks ended (in thousands, except ratios) February 3, 2001 February 2, 2002 August 3, 2002 ---------------- ---------------- -------------- Calculation of Earnings: Earnings before income taxes and cummulative effect of changes in accounting principle................... ($83,669) $56,404 $48,012 Fixed charges.............................. 79,440 72,814 34,565 Capitalized interest....................... (489) (1) (28) --------------- -------------- ------------- (a) Total Earnings............................. ($4,718) $129,217 $82,549 Calculation of Fixed Charges: Interest.................................. $57,882 $51,335 $24,201 Interest factor in rental expense......... 21,069 21,478 10,336 Capitalized interest...................... 489 1 28 --------------- -------------- -------------- (b) Total Fixed Charges........................ $79,440 $72,814 $34,565 --------------- -------------- -------------- (c) Ratio of Earnings to Fixed Charges (a/b)......................... (0.1) 1.8 2.4 --------------- -------------- --------------