EX-12.1 6 dex121.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 SUPERVALU INC. and Subsidiaries Ratio of Earnings to Fixed Charges For Fiscal Years Ended
(In thousands, except ratios) 2002 2001 2000 1999 1998 --------- --------- --------- --------- --------- Earnings before income taxes $ 343,703 $ 154,357 $ 447,454 $ 316,261 $ 384,780 Less undistributed earnings of less than fifty percent owned affiliates: (13,450) (9,429) (6,605) (5,943) (7,388) --------- --------- --------- --------- --------- Earnings before income taxes 330,253 144,928 440,849 310,318 377,392 Interest expense 194,294 212,898 154,482 124,111 133,619 Interest on operating leases 35,971 29,047 23,838 18,574 18,010 --------- --------- --------- --------- --------- $ 560,518 $ 386,873 $ 619,169 $ 453,003 $ 529,021 ========= ========= ========= ========= ========= Total fixed charges 230,265 241,945 178,320 142,685 151,629 ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 2.43 1.60 3.47 3.17 3.49 ========= ========= ========= ========= =========