EX-12 8 dex12.txt RATIO OF EARNINGS EXHIBIT 12 SUPERVALU INC. and Subsidiaries Ratio of Earnings to Fixed Charges (unaudited)
------------------------------------------------------------------------------------------------------------ First Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Quarter End End End End End ------------------------------------------------------------------------------------------------------------ (in thousands, except June 15, February 23, February 24, February 26, February 27, February 28, ratios) 2002 2002 2001 2000 1999 1998 ------------------------------------------------------------------------------------------------------------ Earnings before income taxes $122,439 $331,998 $139,590 $445,393 $316,261 $384,780 ------------------------------------------------------------------------------------------------------------ Less undistributed earnings of less than fifty percent owned affiliates: (5,428) (13,450) (9,429) (6,605) (5,943) (7,388) ------------------------------------------------------------------------------------------------------------ Earnings before income taxes 117,011 318,548 130,161 438,788 310,318 377,392 ------------------------------------------------------------------------------------------------------------ Interest expense 58,052 194,294 212,898 154,482 124,111 133,619 ------------------------------------------------------------------------------------------------------------ Interest on operating leases 13,623 35,971 29,047 23,838 18,574 18,010 -------- -------- -------- -------- -------- -------- ------------------------------------------------------------------------------------------------------------ $188,686 $548,813 $372,106 $617,108 $453,003 $529,021 ------------------------------------------------------------------------------------------------------------ Total fixed charges 71,675 230,265 241,945 178,320 142,685 151,629 ------------------------------------------------------------------------------------------------------------ Ratio of earnings to fixed charges 2.63 2.38 1.54 3.46 3.17 3.49 ------------------------------------------------------------------------------------------------------------