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 Restated Restated ratios) 2002 2001 2000 1999 1998 ------------------------------------------------------------------------------------------------- Earnings before income taxes $331,998 $139,590 $445,393 $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 318,548 130,161 438,788 310,318 377,392 ------------------------------------------------------------------------------------------------- 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 -------- -------- -------- -------- -------- ------------------------------------------------------------------------------------------------- $548,813 $372,106 $617,108 $453,003 $529,021 ------------------------------------------------------------------------------------------------- Total fixed charges 230,265 241,945 178,320 142,685 151,629 ------------------------------------------------------------------------------------------------- Ratio of earnings to fixed charges 2.38 1.54 3.46 3.17 3.49 -------------------------------------------------------------------------------------------------