EX-12 4 o52772x12.txt EXHIBIT 12 Office Depot, Inc. Computation of Ratios of Earnings to Fixed Charges
First Half -------------------- 1996 1997 1998 1999 2000 2000 2001 ------------------------------------------------------ -------------------- (In thousands, except ratios) Fixed charges: Interest expense $26,378 $ 21,680 $22,356 $ 26,148 $33,901 $14,266 $18,796 Rental estimate 65,109 72,072 82,236 106,095 129,855 64,494 64,830 ------------------------------------------------------ -------------------- Total fixed charges $91,487 $ 93,752 $ 104,592 $ 132,243 $163,756 $78,760 $83,626 ====================================================== ==================== Earnings: Earnings before income taxes $312,083 $371,591 $ 388,726 $ 413,887 $92,459 $265,037 $ 156,033 Undistributed Joint Venture earnings (15,254) 2,041 9,436 4,373 5,006 Fixed charges 91,487 93,752 104,592 132,243 163,756 78,760 83,626 ------------------------------------------------------ -------------------- Total adjusted earnings $403,570 $465,343 $ 478,064 $ 548,171 $265,651 $348,170 $ 244,665 ====================================================== ==================== Ratio of earnings to fixed charges 4.4 5.0 4.6 4.1 1.6 4.4 2.9