EX-12.1 2 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


 
     (In thousands, except ratios)  
    

February 26,

2005


  

February 28,

2004


   

February 22,

2003


   

February 23,

2002


   

February 24,

2001


 

Earnings before income taxes

   $ 600,864    $ 454,880     $ 408,004     $ 331,998     $ 139,590  

Less undistributed earnings of less than fifty percent owned subsidiaries

     2,587      (15,793 )     (16,368 )     (13,450 )     (9,429 )
    

  


 


 


 


Earnings before income taxes

     603,451      439,087       391,636       318,548       130,161  

Interest expense

     137,500      165,581       182,499       194,294       212,898  

Interest on operating leases

     45,121      44,280       44,864       35,971       29,047  
    

  


 


 


 


Subtotal

     786,072      648,948       618,999       548,813       372,106  
    

  


 


 


 


Total fixed charges

   $ 182,621    $ 209,861     $ 227,363     $ 230,265     $ 241,945  
    

  


 


 


 


Ratio of earnings to fixed charges

     4.30      3.09       2.72       2.38       1.54