EX-11 3 qexhibit11.txt EXHIBIT 11 RADIOSHACK CORPORATION STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
Three Months Ended Nine Months Ended September 30, September 30, ------------------ ------------------ (In millions, except ratios) 2001 2000 2001 2000 ---------------------------- ------- ------- ------- ------- Ratio of Earnings to Fixed Charges: Net income $ 43.8 $ 77.1 $ 131.5 $ 222.2 Plus provision for income taxes 26.7 47.3 80.5 136.2 ------- ------- ------- ------- Income before income taxes 70.5 124.4 212.0 358.4 ------- ------- ------- ------- Fixed charges: Interest expense and amortization of debt discount 13.6 14.4 38.8 36.3 Amortization of issuance expense -- 0.1 0.2 0.6 Appropriate portion (33 1/3%) of rentals 19.1 17.9 56.6 53.2 ------- ------- ------- ------- Total fixed charges 32.7 32.4 95.6 90.1 ------- ------- ------- ------- Earnings before income taxes and fixed charges $ 103.2 $ 156.8 $ 307.6 $ 448.5 ======= ======= ======= ======= Ratio of earnings to fixed charges 3.16 4.84 3.22 4.98 ======= ======= ======= ======= Ratio of Earnings to Fixed Charges and Preferred Dividends: Total fixed charges, as above $ 32.7 $ 32.4 $ 95.6 $ 90.1 Preferred dividends 1.2 1.3 3.7 4.0 ------- ------- ------- ------- Total fixed charges and preferred dividends $ 33.9 $ 33.7 $ 99.3 $ 94.1 ======= ======= ======= ======= Earnings before income taxes and fixed charges $ 103.2 $ 156.8 $ 307.6 $ 448.5 ======= ======= ======= ======= Ratio of earnings to fixed charges and preferred dividends 3.04 4.65 3.10 4.77 ======= ======= ======= =======