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Exhibit 12. | |||||||||||||
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COMPUTATION OF RATIO OF INCOME TO COMBINED FIXED CHARGES | |||||||||||||
SEARS, ROEBUCK AND CO. AND CONSOLIDATED SUBSIDIARIES | |||||||||||||
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| Three |
| Year Ended | |||||||||
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| Ended |
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(millions, except ratios) |
| (unaudited) |
| 2001 |
| 2000 |
| 1999 |
| 1998 |
| 1997 |
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Fixed Charges |
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Interest and amortization of debt discount |
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and expense on all indebtedness |
| $292 |
| $1,415 |
| $1,248 |
| $1,268 |
| $1,423 |
| $1,409 |
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Add interest element implicit in rentals |
| 40 |
| 161 |
| 136 |
| 133 |
| 144 |
| 147 |
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| 332 |
| 1,576 |
| 1,384 |
| 1,401 |
| 1,567 |
| 1,556 |
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Interest capitalized |
| 2 |
| 11 |
| 4 |
| 5 |
| 5 |
| 3 |
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Total fixed charges |
| $334 |
| $1,587 |
| $1,388 |
| $1,406 |
| $1,572 |
| $1,559 |
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Income |
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Income (loss) before income taxes, |
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minority interest, and extraordinary loss |
| $434 |
| $1,223 |
| $2,223 |
| $2,419 |
| $1,883 |
| $2,138 |
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Deduct undistributed net income (loss)of |
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| 432 |
| 1,211 |
| 2,206 |
| 2,424 |
| 1,872 |
| 2,125 |
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Add |
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Fixed charges (excluding interest capitalized) |
| 332 |
| 1,576 |
| 1,384 |
| 1,401 |
| 1,567 |
| 1,556 |
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Income before fixed charges and |
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| $2,787 |
| $3,590 |
| $3,825 |
| $3,439 |
| $3,681 |
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Ratio of income to fixed charges |
| 2.29 |
| 1.76 |
| 2.59 |
| 2.72 |
| 2.19 |
| 2.36 |
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- Company Dashboard
- Filings
-
10-Q Filing
Sears Roebuck & Co Inactive 10-Q2002 Q1 Quarterly report
Filed: 7 May 02, 12:00am