EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
Nine Months Ended Fiscal Year Ended ------------------------------------------------------------------------------------------------------------ November 2, November 3, February 2, February 3, January 29, January 30 January 31 2002 2001 2002 2001* 2000 1999 1998 ---------------------------- ----------------------------------------------------------------------- Consolidated pretax income (loss) $ 100,085 $ (56,690) $ 111,571 $ 140,860 $ 283,949 $ 219,084 $ 410,035 Fixed charges (less capitalized interest) 151,502 168,442 225,998 264,628 274,586 219,341 147,466 ---------------------------- ----------------------------------------------------------------------- EARNINGS $ 251,587 $ 111,752 $ 337,569 $ 405,488 $ 558,535 $ 438,425 $ 557,501 ============================ ======================================================================= Interest $136,455 $ 152,703 $ 201,736 $ 239,280 $ 249,514 $ 196,680 $ 129,237 Capitalized interest 1,882 4,553 5,415 4,720 5,177 3,050 3,644 Interest factor in rent expense 15,047 15,739 24,261 25,348 25,072 22,661 18,229 ---------------------------- ----------------------------------------------------------------------- FIXED CHARGES $ 153,384 $ 172,995 $ 231,413 $ 269,348 $ 279,763 $ 222,391 $ 151,110 ============================ ======================================================================= Ratio of earnings to fixed charges 1.64 .65 1.46 1.51 2.00 1.97 3.69 ============================ ======================================================================= * 53 Weeks