EXHIBIT 12
FOOT LOCKER, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
Fiscal Year Ended | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 29, 2005 | Jan. 31, 2004 | Feb. 1, 2003 | Feb. 2, 2002 | Feb. 3, 2001 | |||||||||||||||||||
NET EARNINGS | |||||||||||||||||||||||
Income from continuing operations | $ | 255 | $ | 209 | $ | 162 | $ | 111 | $ | 107 | |||||||||||||
Income tax expense | 119 | 115 | 84 | 64 | 69 | ||||||||||||||||||
Interest expense, excluding capitalized interest | 22 | 26 | 33 | 35 | 41 | ||||||||||||||||||
Portion of rents deemed representative of the interest factor (1/3) | 202 | 177 | 164 | 157 | 154 | ||||||||||||||||||
$ | 598 | $ | 527 | $ | 443 | $ | 367 | $ | 371 | ||||||||||||||
FIXED CHARGES | |||||||||||||||||||||||
Gross interest expense | $ | 22 | $ | 26 | $ | 33 | $ | 35 | $ | 42 | |||||||||||||
Portion of rents deemed representative of the interest factor (1/3) | 202 | 177 | 164 | 157 | 154 | ||||||||||||||||||
$ | 224 | $ | 203 | $ | 197 | $ | 192 | $ | 196 | ||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.7 | 2.6 | 2.2 | 1.9 | 1.9 |