EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Three Months Ended Fiscal Year Ended
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May 4, May 5, February 2, February 3, January 29, January 30 January 31
2002 2001 2002 2001* 2000 1999 1998
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Consolidated pretax income $ 90,259 $ 41,869 $ 111,571 $ 140,860 $ 283,949 $ 219,084 $ 410,035
Fixed charges (less capitalized
interest) 48,920 53,451 214,649 249,671 261,638 219,341 147,466
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EARNINGS $ 139,179 $ 95,320 $ 326,220 $ 390,531 $ 545,587 $ 438,425 $ 557,501
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Interest $ 43,846 $ 48,185 $ 190,388 $ 224,323 $ 236,566 $ 196,680 $ 129,237
Capitalized interest 252 1,161 5,415 4,720 5,177 3,050 3,644
Interest factor in rent expense 5,074 5,266 24,261 25,348 25,072 22,661 18,229
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FIXED CHARGES $ 49,172 $ 54,612 $ 220,064 $ 254,391 $ 266,815 $ 222,391 $ 151,110
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Ratio of earnings to fixed charges 2.83 1.75 1.48 1.54 2.04 1.97 3.69
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* 53 Weeks