EX-12 4 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)

 

     Third
Quarter
   

Fiscal

Year-to-Date

     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
  
     December 4,
2004
    December 4,
2004
     February 28,
2004
     February 22,
2003
     February 23,
2002
     February 24,
2001
  

Earnings before income taxes

    $ 103,084    $ 465,772     $ 454,880     $ 408,004     $ 331,998     $ 139,590  

Less undistributed earnings of less than fifty percent owned affiliates

      1,339      (1,071 )     (15,793 )     (16,368 )     (13,450 )     (9,429 )
    
  
 
 
 
 

Earnings before income taxes

      104,423      464,701       439,087       391,636       318,548       130,161  

Interest expense

      29,072      106,945       165,581       182,499       194,294       212,898  

Interest on operating leases

      9,589      30,945       44,280       44,864       35,971       29,047  
    
  
 
 
 
 

Subtotal

      143,084      602,591       648,948       618,999       548,813       372,106  
    
  
 
 
 
 

Total fixed charges

    $ 38,661    $ 137,890     $ 209,861     $ 227,363     $ 230,265     $ 241,945  
    
  
 
 
 
 

Ratio of earnings to fixed charges

      3.70      4.37       3.09       2.72       2.38       1.54