EX-12 9 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12

 

SUPERVALU INC.

Ratio of Earnings to Fixed Charges

(unaudited)

 

     Second
Quarter
    

Fiscal

Year-to-Date

     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
  
     September 11,
2004
     September 11,
2004
     February 28,
2004
     February 22,
2003
     February 23,
2002
     February 24,
2001
  

Earnings before income taxes

    $ 124,660     $ 362,688     $ 454,880     $ 408,004     $ 331,998     $ 139,590  

Less undistributed earnings of less than fifty percent owned affiliates

      (1,512 )     (2,410 )     (15,793 )     (16,368 )     (13,450 )     (9,429 )
    
 
 
 
 
 

Earnings before income taxes

      123,148       360,278       439,087       391,636       318,548       130,161  

Interest expense

      29,422       77,873       165,581       182,499       194,294       212,898  

Interest on operating leases

      9,405       21,356       44,280       44,864       35,971       29,047  
    
 
 
 
 
 

Subtotal

      161,975       459,507       648,948       618,999       548,813       372,106  
    
 
 
 
 
 

Total fixed charges

    $ 38,827     $ 99,229     $ 209,861     $ 227,363     $ 230,265     $ 241,945  
    
 
 
 
 
 

Ratio of earnings to fixed charges

      4.17       4.63       3.09       2.72       2.38       1.54