EX-12 5 exhibit_12.htm FORM 10K 2006 EXHIBIT 12

EXHIBIT 12

 

DARDEN RESTAURANTS, INC.

COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

(Dollar Amounts in Thousands)

 

Fiscal Year Ended

 

 

May 28, 2006

 

May 29, 2005

 

May 30, 2004

 

May 25, 2003

 

May 26, 2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Earnings from Operations
before Income Taxes

 

$

482,518

 

$

423,917

 

$

332,776

 

$

337,603

 

$

355,435

 

Plus Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Interest Expense

 

 

48,922

 

 

47,657

 

 

47,710

 

 

47,566

 

 

41,493

 

40% of Restaurant and Equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum Rent Expense

 

 

26,862

 

 

24,849

 

 

22,608

 

 

21,536

 

 

20,600

 

Total Fixed Charges

 

$

75,784

 

$

72,506

 

$

70,318

 

$

69,102

 

$

62,093

 

Less Capitalized Interest

 

 

(2,696

)

 

(3,182

)

 

(3,500

)

 

(3,470

)

 

(3,653

)

Consolidated Earnings from Operations
before Income Taxes Available to
Cover Fixed Charges

 

$

555,606

 

$

493,241

 

$

399,594

 

$

403,325

 

$

413,875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Consolidated Earnings to Fixed
Charges

 

 

7.33

 

 

6.80

 

 

5.68

 

 

5.84

 

 

6.67