EX-12.1 2 a08-29339_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Whole Foods Market, Inc.

Computation of Ratio of Earnings to Fixed Charges

(In thousands, except ratio data)

 

 

 

Sept 28,
2008

 

Sept 30,
2007

 

Sept 24,
2006

 

Sept 25,
2005

 

Sept 26,
2004

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

206,519

 

304,567

 

339,713

 

237,133

 

215,853

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent expense

 

257,465

 

200,999

 

153,059

 

124,772

 

99,929

 

 

 

x 1/3

 

x 1/3

 

x 1/3

 

x 1/3

 

x 1/3

 

One-third of rent expense

 

85,822

 

67,000

 

51,020

 

41,591

 

33,310

 

Interest expense

 

36,416

 

4,208

 

32

 

2,223

 

7,249

 

Fixed charges to add to earnings

 

122,238

 

71,208

 

51,052

 

43,814

 

40,559

 

Total available earnings

 

328,757

 

375,775

 

390,765

 

280,947

 

256,412

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

36,416

 

4,208

 

32

 

2,223

 

7,249

 

Capitalized interest

 

6,028

 

882

 

928

 

2,976

 

2,132

 

Total interest

 

42,444

 

5,090

 

960

 

5,199

 

9,381

 

One-third of rent expense

 

85,822

 

67,000

 

51,020

 

41,591

 

33,310

 

Total fixed charges

 

128,266

 

72,090

 

51,980

 

46,790

 

42,691

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.56x

 

5.21x

 

7.52x

 

6.00x

 

6.01x