EX-12 5 dex12.htm COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES Computation of Ratio of Consolidated Earnings to Fixed Charges

EXHIBIT 12

DARDEN RESTAURANTS, INC.

COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

(Dollar Amounts in Millions)

 

     Fiscal Year Ended  
     May 27, 2007     May 28, 2006     May 29, 2005     May 30, 2004     May 25 2003  

Consolidated Earnings from Continuing Operations before Income Taxes

   $ 530.8     $ 508.1     $ 441.6     $ 358.7     $ 348.3  

Plus Fixed Charges:

          

Gross Interest Expense

     43.6       48.9       47.7       47.7       47.6  

40% of Restaurant and Equipment

          

Minimum Rent Expense

     26.0       24.4       23.2       21.8       21.2  
                                        

Total Fixed Charges

   $ 69.6     $ 73.3     $ 70.9     $ 69.5     $ 68.8  

Less Capitalized Interest

     (2.9 )     (1.9 )     (1.6 )     (2.2 )     (2.1 )
                                        

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

   $ 597.5     $ 579.5     $ 510.9     $ 426.0     $ 415.0  
                                        

Ratio of Consolidated Earnings from Continuing Operations to Fixed Charges

     8.58       7.91       7.21       6.13       6.03