EX-12 2 fl124103ex12.htm EXHIBIT 12

EXHIBIT 12

FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)

 

 

Thirty-nine weeks ended

 

Fiscal year ended

 

 

 

 

 

 

 

Oct. 28,
2006

 

Oct. 29,
2005

 

Jan. 28,
2006

 

Jan. 29,
2005

 

Jan. 31,
2004

 

Feb. 1,
2003

 

Feb. 2,
2002

 

 

 

 

 

 

 

 

 

 

NET EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

137

 

$

167

 

$

263

 

$

255

 

$

209

 

$

162

 

$

111

 

Income tax expense

 

 

81

 

 

97

 

 

142

 

 

119

 

 

115

 

 

84

 

 

64

 

Interest expense, excluding capitalized interest

 

 

17

 

 

17

 

 

23

 

 

22

 

 

26

 

 

33

 

 

35

 

Portion of rents deemed representative of the interest factor (1/3)

 

 

161

 

 

153

 

 

214

 

 

202

 

 

177

 

 

164

 

 

157

 

 

 

 

 

 

 

 

 

 

 

 

$

396

 

 

434

 

$

642

 

$

598

 

$

527

 

$

443

 

$

367

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross interest expense

 

$

17

 

 

17

 

$

23

 

$

22

 

$

26

 

$

33

 

$

35

 

Portion of rents deemed representative of the interest factor (1/3)

 

 

161

 

 

153

 

 

214

 

 

202

 

 

177

 

 

164

 

 

157

 

 

 

 

 

 

 

 

 

 

 

 

$

178

 

 

170

 

$

237

 

$

224

 

$

203

 

$

197

 

$

192

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

2.2

 

 

2.6

 

 

2.7

 

 

2.7

 

 

2.6

 

 

2.2

 

 

1.9