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 17,

2006

    

February 25,

2006

   

February 26,

2005

   

February 28,

2004

    

February 22,

2003

  
     (In millions, except ratios)  

Earnings before income taxes

    $ 142     $ 329    $ 601    $ 455     $ 408  

Less undistributed earnings of less than fifty percent owned affiliates

      (1 )     12      3      (16 )     (16 )
                                      

Earnings before income taxes

      141       341      604      439       392  

Interest expense

      47       139      138      166       182  

Interest on operating leases

      11       48      45      44       45  
                                      

Subtotal

      199       528      786      649       619  
                                      

Total fixed charges

    $ 58     $ 187    $ 182    $ 210     $ 227  
                                      

Ratio of earnings to fixed charges

      3.43       2.82      4.30      3.09       2.72