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Content analysis
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EXHIBIT 12.1
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED FEBRUARY 1, 2003
Fiscal Years Ended | ||||||||||||||||||||
February 1, 2003 (52 weeks) | February 2, 2002 (52 weeks) | February 3, 2001 (53 weeks) | January 29, 2000 (52 weeks) | January 2, 1999 (53 weeks) | ||||||||||||||||
(in millions of dollars) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings before tax expense, extraordinary loss and cumulative effect of accounting change | $ | 1,973 |
| $ | 1,711 |
| $ | 1,508 |
| $ | 1,102 |
| $ | 889 |
| |||||
Fixed charges |
| 979 |
|
| 1,030 |
|
| 1,058 |
|
| 1,010 |
|
| 1,038 |
| |||||
Capitalized interest |
| (5 | ) |
| (9 | ) |
| (7 | ) |
| (5 | ) |
| (9 | ) | |||||
$ | 2,947 |
| $ | 2,732 |
| $ | 2,559 |
| $ | 2,107 |
| $ | 1,918 |
| ||||||
Fixed charges: | ||||||||||||||||||||
Interest | $ | 605 |
| $ | 659 |
| $ | 683 |
| $ | 644 |
| $ | 654 |
| |||||
Portion of rental Payments deemed to be interest |
| 374 |
|
| 371 |
|
| 375 |
|
| 366 |
|
| 384 |
| |||||
$ | 979 |
| $ | 1,030 |
| $ | 1,058 |
| $ | 1,010 |
| $ | 1,038 |
| ||||||
Ratio of earnings to fixed charges |
| 3.0 |
|
| 2.7 |
|
| 2.4 |
|
| 2.1 |
|
| 1.8 |
|