EX-12.1 2 a11-28314_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. 25,

 

Sept. 26,

 

Sept. 27,

 

Sept. 28,

 

Sept. 30,

 

 

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

551,712

 

$

411,781

 

$

250,942

 

$

206,519

 

$

304,567

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent expense

 

321,559

 

303,528

 

281,903

 

257,465

 

200,999

 

 

 

x 1/3

 

x 1/3

 

x 1/3

 

x 1/3

 

x 1/3

 

One-third of rent expense

 

107,186

 

101,176

 

93,968

 

85,822

 

67,000

 

Interest expense

 

3,882

 

33,048

 

36,856

 

36,416

 

4,208

 

Fixed charges to add to earnings

 

111,068

 

134,224

 

130,824

 

122,238

 

71,208

 

Total available earnings

 

$

662,780

 

$

546,005

 

$

381,766

 

$

328,757

 

$

375,775

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

3,882

 

$

33,048

 

$

36,856

 

$

36,416

 

$

4,208

 

Capitalized interest

 

2,575

 

3,755

 

5,171

 

6,028

 

882

 

Total interest

 

6,457

 

36,803

 

42,027

 

42,444

 

5,090

 

One-third of rent expense

 

107,186

 

101,176

 

93,968

 

85,822

 

67,000

 

Preferred share dividends

 

 

5,478

 

28,050

 

 

 

Total fixed charges

 

$

113,643

 

$

143,457

 

$

164,045

 

$

128,266

 

$

72,090

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.83x

 

3.81x

 

2.33x

 

2.56x

 

5.21x