EX-12 2 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)

 

    

First

Quarter

    Fiscal Year
End
    Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
  
    

June 18,

2005

    February 26,
2005
    February 28,
2004
     February 22,
2003
     February 23,
2002
  
     (In thousands, except ratios)        

Earnings before income taxes

    $ 144,765    $ 600,864    $ 454,880     $ 408,004     $ 331,998  

Less undistributed earnings of less than fifty percent owned affiliates

      2,583      2,587      (15,793 )     (16,368 )     (13,450 )
    
  
  
 
 

Earnings before income taxes

      147,348      603,451      439,087       391,636       318,548  

Interest expense

      45,583      137,500      165,581       182,499       194,294  

Interest on operating leases

      13,453      45,121      44,280       44,864       35,971  
    
  
  
 
 

Subtotal

      206,384      786,072      648,948       618,999       548,813  
    
  
  
 
 

Total fixed charges

    $ 59,036    $ 182,621    $ 209,861     $ 227,363     $ 230,265  
    
  
  
 
 

Ratio of earnings to fixed charges

      3.50      4.30      3.09       2.72       2.38