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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10.2 Offer Letter Between Lowe's Companies, Inc. and Joseph M. Mcfarland III
- 10.3 Offer Letter Between Lowe's Companies, Inc. and David M. Denton
- 10.4 Form of Lowe's Companies, Inc. Restricted Stock Award Agreement
- 10.5 Form of Lowe's Companies, Inc. Performance Share Unit Award Agreement
- 10.6 Form of Lowe's Companies, Inc. Non-qualified Stock Option Agreement
- 10.7 Form of Lowe's Companies, Inc. Change In Control Agreement for Tier I Officers
- 10.8 Form of Lowe's Companies, Inc. Change In Control Agreement for Tier II Officers
- 10.9 Lowe's Companies, Inc. Severance Plan for Senior Officers
- 10.10 Retirement Agreement Between Lowe's Companies, Inc. and Robert A. Niblock
- 10.11 Retention Agreement Between Lowe's Companies, Inc. and Michael P. Mcdermott
- 12.1 Statement Re Computation of Ratio of Earnings to Fixed Charges
- 15.1 Deloitte & Touche LLP Letter Re Unaudited Interim Financial Information
- 31.1 Section 302 Certification
- 31.2 Section 302 Certification
- 32.1 Section 906 Certification
- 32.2 Section 906 Certification
- Download Excel data file
- View Excel data file
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LOW similar filings
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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
Six Months Ended | Fiscal Years Ended | ||||||||||||||||||||||||||
August 3, 2018 | August 4, 2017 | February 2, 2018 | February 3, 2017 | January 29, 2016 4 | January 30, 2015 | January 31, 2014 | |||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||
Earnings Before Income Taxes | $ | 3,315 | $ | 3,158 | $ | 5,489 | $ | 5,201 | $ | 4,419 | $ | 4,276 | $ | 3,673 | |||||||||||||
Fixed Charges | 434 | 431 | 870 | 847 | 720 | 677 | 623 | ||||||||||||||||||||
Capitalized Interest 1 | 4 | 3 | 7 | 8 | 9 | 9 | 8 | ||||||||||||||||||||
Adjusted Earnings | $ | 3,753 | $ | 3,592 | $ | 6,366 | $ | 6,056 | $ | 5,148 | $ | 4,962 | $ | 4,304 | |||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest Expense 2 | $ | 328 | $ | 330 | $ | 657 | $ | 659 | $ | 559 | $ | 525 | $ | 478 | |||||||||||||
Rental Expense 3 | 106 | 101 | 213 | 188 | 161 | 152 | 145 | ||||||||||||||||||||
Total Fixed Charges | $ | 434 | $ | 431 | $ | 870 | $ | 847 | $ | 720 | $ | 677 | $ | 623 | |||||||||||||
Ratio of Earnings to Fixed Charges | 8.6 | 8.3 | 7.3 | 7.2 | 7.1 | 7.3 | 6.9 |
1 | Includes the net of subtractions for interest capitalized and additions for amortization of previously-capitalized interest. |
2 | Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges. |
3 | The portion of rental expense that is representative of the interest factor in these rentals. |
4 | Earnings for the fiscal year ended January 29, 2016 included a $530 million non-cash impairment charge related to the equity method investment in the Australia joint venture with Woolworths Limited. Excluding this charge from the calculation would result in a ratio of earnings to fixed charges of 7.9 for the fiscal year ended January 29, 2016. |