EXHIBIT 12
Statement re computation of ratios
Nine Months Ended October 31,
Fiscal Years Ended
1999
1998
2000
1999
1998
1997
1996
Income before income taxes 5,903
4,711
9,083
7,323
5,719
4,877
4,359
Capitalized (30)
(24)
(57)
(41)
(33)
(44)
(50)
Minority interest (85)
(97)
(170)
(153)
(78)
(27)
(13)
Adjusted profit before tax* 5,788
4,590
8,856
7,129
5,608
4,806
4,296
Fixed Charges Debt interest 502
380
756
529
555
629
692
Capital lease interest 197
201
266
268
229
216
196
Capitalized interest 30
24
57
41
33
44
50
Interest component of rent 379
395
458
523
477
449
425
Total fixed expense 1,108
1,000
1,537
1,361
1,294
1,338
1,363
Profit before taxes and fixed expenses 6,896
5,590
10,393
8,490
6,902
6,144
5,659
Fixed charge coverage 6.22
5.59
6.76
6.24
5.33
4.59
4.15
Operating rent expense 474
494
573
654
596
561
531
Interest portion ratio 80%
80%
80%
80%
80%
80%
80%
Interest portion of rents 379
395
458
523
477
449
425
* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000
Walmart (WMT) 10-K2000 FY Annual report
Filed: 17 Apr 00, 12:00am