EX-12.1 4 exh121.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES



Exhibit 12.1

Kohl’s Corporation
Ratio of Earnings to Fixed Charges
($000s)

 

 

13
Weeks
Ended
May 2, 2015

 

Fiscal Year (1)

 

January 31,
2015

 

 

February 1,
2014

 

 

February 2,
2013

 

 

January 28,
2012

 

 

January 29,
2011

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

Income before
income taxes

$

196

$

 1,349

$

  1,404

$

  1,561

$

  1,859

$

  1,788

Fixed charges

 

130

 

  524

 

  517

 

  509

 

  482

 

  489

Less interest
capitalized
during period

 

-

 

  (2)

 

  (1)

 

  (2)

 

  (6)

 

  (6)

 

$

326

$

 1,871

$

  1,920

$

  2,068

$

  2,335

$

  2,271

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

Interest
(expensed or
capitalized)

$

84

$

  342

$

  339

 

 $ 335

$

  309

$

  319

Portion of rent
expense
representative
of interest

 

45

 

  180

 

  176

 

  172

 

  172

 

  170

Amortization of
deferred
financing fees

 

1

 

  2

 

  2

 

  2

 

  1

 

  _

 

$

130

$

  524

$

  517

$

  509

$

  482

$

  489

Ratio of earning
to fixed
charges

 

2.5

 

  3.6

 

  3.7

 

  4.1

 

 4.8

 

 4.6


________________________

(1) All years presented were 52-week years except for the year ended February 2, 2013, which was a 53-week year.‘