EX-12 6 form10k_exhibit12.txt FORM 10K EXHIBIT 12 7-29-05 EXHIBIT 12 DARDEN RESTAURANTS, INC. COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES (Dollar Amounts in Thousands)
Fiscal Year Ended ----------------------------------------------------------------------------------------------------------------------- May 29, 2005 May 30, 2004 May 25, 2003 May 26, 2002 May 27, 2001 ----------------------------------------------------------------------------------------------------------------------- Consolidated Earnings from Operations before Income Taxes ....................$ 423,917 $ 332,776 $ 337,603 $ 355,435 $ 294,654 Plus Fixed Charges: Gross Interest Expense.................. 47,657 47,710 47,566 41,493 35,196 40% of Restaurant and Equipment Minimum Rent Expense................ 24,849 22,608 21,536 20,600 19,352 --------- --------- --------- --------- --------- Total Fixed Charges...........$ 72,506 $ 70,318 $ 69,102 $ 62,093 $ 54,548 Less Capitalized Interest.................. (3,182) (3,500) (3,470) (3,653) (3,671) --------- --------- --------- --------- ---------- Consolidated Earnings from Operations before Income Taxes Available to Cover Fixed Charges.....................$ 493,241 $ 399,594 $ 403,325 $ 413,875 $ 345,531 ========= ========= ========= ========= ========= Ratio of Consolidated Earnings to Fixed Charges ................................ 6.80 5.68 5.84 6.67 6.33 ========= =========== ============ ============ =========== -----------------------------------------------------------------------------------------------------------------------