EX-12.1 7 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

SUPERVALU INC.

Ratio of Earnings to Fixed Charges

(unaudited)

 

     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
  
     February 28,
2004
     February 22,
2003
     February 23,
2002
     February 24,
2001
     February 26,
2000
  
     (In thousands, except ratios)  

Earnings before income taxes

    $ 454,880     $ 408,004     $ 331,998     $ 139,590     $ 445,393  

Less undistributed earnings of less than fifty percent owned affiliates

      (15,793 )     (16,368 )     (13,450 )     (9,429 )     (6,605 )
    
 
 
 
 

Earnings before income taxes

      439,087       391,636       318,548       130,161       438,788  

Interest expense

      165,581       182,499       194,294       212,898       154,482  

Interest on operating leases

      44,280       44,864       35,971       29,047       23,838  
    
 
 
 
 

Subtotal

      648,948       618,999       548,813       372,106       617,108  
    
 
 
 
 

Total fixed charges

    $ 209,861     $ 227,363     $ 230,265     $ 241,945     $ 178,320  
    
 
 
 
 

Ratio of earnings to fixed charges

      3.09       2.72       2.38       1.54       3.46