Exhibit 12.1
HD SUPPLY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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| Fiscal Year Ended |
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| Six |
| February 3, |
| January 29, |
| January 30, |
| January 31, |
| February 1, |
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Income (loss) from continuing operations before provision (benefit) for income taxes and discontinued operations |
| $ | (148 | ) | $ | (1,196 | ) | $ | (484 | ) | $ | (585 | ) | $ | (678 | ) | $ | (1,477 | ) |
Add: |
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Interest expense |
| 291 |
| 658 |
| 639 |
| 623 |
| 602 |
| 644 |
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Portion of rental expense under operating leases deemed to be the equivalent of interest |
| 24 |
| 44 |
| 48 |
| 49 |
| 52 |
| 55 |
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Adjusted earnings |
| $ | 167 |
| $ | (494 | ) | $ | 203 |
| $ | 87 |
| $ | (24 | ) | $ | (778 | ) |
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Fixed charges: |
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Interest expense |
| $ | 291 |
| $ | 658 |
| $ | 639 |
| $ | 623 |
| $ | 602 |
| $ | 644 |
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Portion of rental expense under operating leases deemed to be the equivalent of interest |
| 24 |
| 44 |
| 48 |
| 49 |
| 52 |
| 55 |
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Total fixed charges |
| $ | 315 |
| $ | 702 |
| $ | 687 |
| $ | 672 |
| $ | 654 |
| $ | 699 |
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Ratio of earnings to fixed charges(1) (2) |
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(1) For the purposes of calculating the ratio of earnings to fixed charges, earnings consist of income from continuing operations before provision for income taxes plus fixed charges. Fixed charges include cash and non-cash interest expense, whether expensed or capitalized, amortization of debt issuance cost, and the portion of rental expense representative of the interest factor.
(2) For the six months ended August 4, 2013 and the fiscal years ended February 3, 2013, January 29, 2012, January 30, 2011, January 31, 2010 and February 1, 2009, our earnings were insufficient to cover fixed charges by $148 million, $1,196 million, $484 million, $585 million, $678 million and $1,477 million, respectively.