EX-12.1 3 a2096513zex-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 52 weeks 52 weeks 53 weeks 52 weeks 13 weeks ended ended ended ended ended ended January 31, January 30, January 29, February 3, February 2, November 2, (in thousands, except ratios) 1998 1999 2000 2001 2002 2002 ----------- ----------- ----------- ---------- ----------- ----------- Calculation of Earnings: Earnings before income taxes and cumulative effect of changes in accounting principle $ 75,456 $ 7,284 $44,967 $(83,669) $ 56,404 $24,802 Fixed charges 57,885 69,002 72,618 79,440 72,814 16,683 Capitalized interest (1,861) (1,020) (1,098) (489) (1) (16) --------- ------- ------- -------- -------- -------- (a) Total Earnings $131,480 $75,266 $116,487 $ (4,718) $129,217 $41,469 Calculation of Fixed Charges: Interest $ 39,656 $48,930 $ 51,557 $ 57,882 $ 51,335 $11,296 Interest factor in rental expense 16,368 19,052 19,963 21,069 21,478 5,371 Capitalized interest 1,861 1,020 1,098 489 1 16 --------- ------- ------- -------- -------- -------- (b) Total Fixed Charges $ 57,885 $69,002 $72,618 $ 79,440 $ 72,814 $16,863 --------- ------- ------- -------- -------- -------- (c) Ratio of Earnings to Fixed Charges (ab) 2.3 1.1 1.6 (0.1) 1.8 2.5 --------- ------- ------- -------- -------- --------