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)

 

    

Third

Quarter

   

Fiscal

Year-to-Date

   

Fiscal Year

End

   

Fiscal Year

End

    

Fiscal Year

End

    

Fiscal Year

End

  
    

December 3,

2005

   

December 3,

2005

   

February 26,

2005

   

February 28,

2004

    

February 22,

2003

    

February 23,

2002

  
     (In thousands, except ratios)  

Earnings before income taxes

    $ 119,352    $ 317,725    $ 600,864    $ 454,880     $ 408,004     $ 331,998  

Less undistributed earnings of less than fifty percent owned affiliates

      227      3,284      2,587      (15,793 )     (16,368 )     (13,450 )
    
  
  
  
 
 

Earnings before income taxes

      119,579      321,009      603,451      439,087       391,636       318,548  

Interest expense

      31,498      108,151      137,500      165,581       182,499       194,294  

Interest on operating leases

      10,120      34,322      45,121      44,280       44,864       35,971  
    
  
  
  
 
 

Subtotal

      161,197      463,482      786,072      648,948       618,999       548,813  
    
  
  
  
 
 

Total fixed charges

    $ 41,618    $ 142,473    $ 182,621    $ 209,861     $ 227,363     $ 230,265  
    
  
  
  
 
 

Ratio of earnings to fixed charges

      3.87      3.25      4.30      3.09       2.72       2.38