EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

Whole Foods Market, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio data)

 

    

Sept 26,

2004


   

Sept 28,

2003


   

Sept 29,

2002


   

Sept 30,

2001


   

Sept 24,

2000


 
          

Earnings:

                              

Income from continuing operations before income taxes and equity in losses of unconsolidated affiliate

   215,853     164,858     132,657     88,196     71,535  

Rent expense

   91,192
x 1/3
 
 
  79,802
x 1/3
 
 
  67,827
x 1/3
 
 
  57,677
x 1/3
 
 
  47,301
x 1/3
 
 
    

 

 

 

 

One-third of rent expense

   30,397     26,601     22,609     19,226     15,767  

Interest expense

   7,249     8,114     10,384     17,891     15,093  
    

 

 

 

 

Fixed charges to add to earnings

   37,646     34,715     32,993     37,117     30,860  
    

 

 

 

 

Total available earnings

   253,499     199,573     165,650     125,313     102,395  

Fixed Charges:

                              

Interest expense

   7,249     8,114     10,384     17,891     15,093  

Capitalized interest

   2,132     1,385     1,433     2,112     2,274  
    

 

 

 

 

Total interest

   9,381     9,499     11,817     20,003     17,367  

One-third of rent expense

   30,397     26,601     22,609     19,226     15,767  
    

 

 

 

 

Total fixed charges

   39,778     36,100     34,426     39,229     33,134  

Ratio of earnings to fixed charges

   6.37 x   5.53 x   4.81 x   3.19 x   3.09 x