EX-12 11 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 31,
2009
    May 25,
2008
    May 27,
2007
    May 28,
2006
    May 29,
2005
 

Consolidated Earnings from Continuing Operations before Income Taxes

   $ 512.5      $ 514.7      $ 530.8      $ 508.1      $ 441.6   

Plus Fixed Charges:

          

Gross Interest Expense

     117.6        91.9        43.6        48.9        47.7   

40% of Restaurant and Equipment Minimum Rent Expense

     40.8        35.2        26.0        24.4        23.2   
                                        

Total Fixed Charges

   $ 158.4      $ 127.1      $ 69.6      $ 73.3      $ 70.9   

Less Capitalized Interest

     (9.3     (4.9     (2.9     (1.9     (1.6
                                        

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

   $ 661.6      $ 636.9        597.5      $ 579.5      $ 510.9   
                                        

Ratio of Consolidated Earnings from Continuing Operations to Fixed Charges

     4.2        5.0        8.6        7.9        7.2