EXHIBIT 99.1
Schedule of computation of ratio of earnings to fixed charges of The Kroger Co. and consolidated subsidiary companies for the five fiscal years ended January 28, 2017 and for the first three quarters ended November 4, 2017 and November 5, 2016.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 4, |
| November 5, |
| January 28, |
| January 30, |
| January 31, |
| February 1, |
| February 2, | |||||||
|
| 2017 |
| 2016 |
| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 | |||||||
|
| (28 weeks) |
| (28 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (53 weeks) | |||||||
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before tax expense |
| $ | 1,588 |
| $ | 2,182 |
| $ | 2,914 |
| $ | 3,094 |
| $ | 2,649 |
| $ | 2,282 |
| $ | 2,302 |
Fixed charges |
|
| 857 |
|
| 786 |
|
| 1,037 |
|
| 903 |
|
| 896 |
|
| 797 |
|
| 823 |
Capitalized interest |
|
| (10) |
|
| (10) |
|
| (13) |
|
| (9) |
|
| (5) |
|
| (5) |
|
| (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax earnings before fixed charges |
| $ | 2,435 |
| $ | 2,958 |
| $ | 3,938 |
| $ | 3,988 |
| $ | 3,540 |
| $ | 3,074 |
| $ | 3,122 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
| $ | 463 |
| $ | 406 |
| $ | 535 |
| $ | 491 |
| $ | 493 |
| $ | 448 |
| $ | 465 |
Portion of rental payments deemed to be interest |
|
| 394 |
|
| 380 |
|
| 502 |
|
| 412 |
|
| 403 |
|
| 349 |
|
| 358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fixed charges |
| $ | 857 |
| $ | 786 |
| $ | 1,037 |
| $ | 903 |
| $ | 896 |
| $ | 797 |
| $ | 823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
|
| 2.8 |
|
| 3.8 |
|
| 3.8 |
|
| 4.4 |
|
| 4.0 |
|
| 3.9 |
|
| 3.8 |
1