EX-12.1 4 a95217orexv12w1.txt EXHIBIT 12.1 . . . EXHIBIT 12.1 CKE Restaurants, Inc. Ratio of Earnings to Fixed Charges
40 Weeks 40 Weeks Ended Ended 11/03/03 11/04/02 2003 2002 2001 2000 1999 -------- -------- ------ ------- -------- -------- ------- Earnings before fixed charges Income (loss) before income taxes, discontinued operations and cumulative effect of accounting change for goodwill 5,178 25,875 18,390 (84,540) (205,264) (47,460) 124,097 Fixed charges 52,765 53,761 70,575 85,097 103,719 92,389 68,843 ------ ------ ------ ------- -------- ------- ------- 57,943 79,636 88,965 557 (101,545) 44,929 192,940 ====== ====== ====== ======= ======== ======= ======= Fixed charges: Interest expense 31,149 32,321 42,726 57,659 70,541 63,283 43,453 Interest component of rent expensed (1) 21,616 21,440 27,849 27,438 33,178 29,106 25,390 ------ ------ ------ ------- -------- ------- ------- 52,765 53,761 70,575 85,097 103,719 92,389 68,843 ====== ====== ====== ======= ======== ======= ======= Ratio of earnings to fixed charges 1.1 1.5 1.3 - - - 2.8 ====== ====== ====== ======= ======== ======= ======= Deficiency (if any) - - - 84,540 205,264 47,460 - Rent expense 64,849 64,320 83,547 82,314 99,534 87,318 76,170 Interest component (1/3 of rent expense) 21,616 21,440 27,849 27,438 33,178 29,106 25,390