EX-12.1 4 wfm10k2013ex121.htm EXHIBIT 12.1 WFM.10K.2013.EX.12.1

Exhibit 12.1

Whole Foods Market, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio data)

 
September 29, 2013
 
September 30, 2012
 
September 25, 2011
 
September 26, 2010
 
September 27, 2009
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes
$
894

 
$
752

 
$
552

 
$
412

 
$
251

 
 
 
 
 
 
 
 
 
 
Rent expense
374

 
353

 
322

 
304

 
282

 
x 1/3

 
x 1/3

 
x 1/3

 
x 1/3

 
x 1/3

One-third of rent expense
125

 
118

 
107

 
101

 
94

Interest expense

 

 
4

 
33

 
37

Fixed charges to add to earnings
125

 
118

 
111

 
134

 
131

Total available earnings
$
1,019

 
$
870

 
$
663

 
$
546

 
$
382

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$

 
$

 
$
4

 
$
33

 
$
37

Capitalized interest

 
1

 
3

 
4

 
5

Total interest

 
1

 
7

 
37

 
42

One-third of rent expense
125

 
118

 
107

 
101

 
94

Preferred share dividends

 

 

 
6

 
28

Total fixed charges
$
125

 
$
119

 
$
114

 
$
144

 
$
164

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
8.18x

 
7.33x

 
5.83x

 
3.81x

 
2.33x