EX-12.1 3 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 Restated ratios) 2000 1999 1998 1997 1996 -------------------------------------------------------------------------------------------- Earnings before income taxes $445,393 $316,261 $384,780 $280,512 $267,692 -------------------------------------------------------------------------------------------- Less undistributed earnings of less than fifty percent owned affiliates: (6,605) (5,943) (7,388) (15,813) (11,136) -------------------------------------------------------------------------------------------- Earnings before income taxes 438,788 310,318 377,392 264,699 256,556 -------------------------------------------------------------------------------------------- Interest expense 154,482 124,111 133,619 136,831 140,150 -------------------------------------------------------------------------------------------- Interest on operating leases 23,838 18,574 18,010 16,950 17,059 -------- -------- -------- -------- ---------- -------------------------------------------------------------------------------------------- $617,108 $453,003 $529,021 $418,480 $413,765 -------------------------------------------------------------------------------------------- Total fixed charges 178,320 142,685 151,629 153,781 157,209 -------------------------------------------------------------------------------------------- Ratio of earnings to fixed charges 3.46 3.17 3.49 2.72 2.63 --------------------------------------------------------------------------------------------