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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 12.1 Exhibit 12.1 - Statement Re Computation of Ratio of Earnings to Fixed Charges
- 15.1 Exhibit 15.1 - Deloitte and Touche LLP Letter Re Unaudited Interim Financial Inf
- 31.1 Exhibit 31.1 - Section 302 Certification
- 31.2 Exhibit 31.2 - Section 302 Certification
- 32.1 Exhibit 32.1 - Section 906 Certification
- 32.2 Exhibit 32.2 - Section 906 Certification
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Exhibit 12.1
Lowe’s Companies, Inc.
Statement Re Computation of Ratio of Earnings to Fixed Charges
In Millions, Except Ratio Data
Fiscal Years Ended On | Nine Months Ended | |||||||||||||||||||
January 28, | February 3, | February 2, | February 1, | January 30, | October 31, | October 30, | ||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | 2008 | 2009 | ||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings Before Income Taxes | $ | 3,520 | $ | 4,496 | $ | 4,998 | $ | 4,511 | $ | 3,506 | $ | 3,247 | $ | 2,504 | ||||||
Add: Fixed Charges | 310 | 340 | 344 | 424 | 479 | 361 | 352 | |||||||||||||
Less: Capitalized Interest | (28) | (28) | (32) | (65) | (36) | (25) | (12) | |||||||||||||
Adjusted Earnings | $ | 3,802 | $ | 4,808 | $ | 5,310 | $ | 4,870 | $ | 3,949 | $ | 3,583 | $ | 2,844 | ||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense(1) | $ | 220 | $ | 231 | $ | 238 | $ | 301 | $ | 346 | $ | 262 | $ | 248 | ||||||
Rental Expense(2) | 90 | 109 | 106 | 123 | 133 | 99 | 104 | |||||||||||||
Total Fixed Charges | $ | 310 | $ | 340 | $ | 344 | $ | 424 | $ | 479 | $ | 361 | $ | 352 |
Ratio of Earnings to Fixed Charges | 12.3 | 14.1 | 15.4 | 11.5 | 8.2 | 9.9 | 8.1 |
(1) Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.
(2) The portion of rental expense that is representative of the interest factor in these rentals.