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Content analysis
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H.S. sophomore Avg
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Exhibit 12.1
Whole Foods Market, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratio data)
|
| Sept. 26, |
| Sept. 27, |
| Sept. 28, |
| Sept. 30, |
| Sept. 24, |
| |||||
|
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
Income before income taxes |
| $ | 411,781 |
| $ | 250,942 |
| $ | 206,519 |
| $ | 304,567 |
| $ | 339,713 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Rent expense |
| 303,528 |
| 281,903 |
| 257,465 |
| 200,999 |
| 153,059 |
| |||||
|
| x 1/3 |
| x 1/3 |
| x 1/3 |
| x 1/3 |
| x 1/3 |
| |||||
One-third of rent expense |
| 101,176 |
| 93,968 |
| 85,822 |
| 67,000 |
| 51,020 |
| |||||
Interest expense |
| 33,048 |
| 36,856 |
| 36,416 |
| 4,208 |
| 32 |
| |||||
Fixed charges to add to earnings |
| 134,224 |
| 130,824 |
| 122,238 |
| 71,208 |
| 51,052 |
| |||||
Total available earnings |
| $ | 546,005 |
| $ | 381,766 |
| $ | 328,757 |
| $ | 375,775 |
| $ | 390,765 |
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|
|
|
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|
|
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Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense |
| $ | 33,048 |
| $ | 36,856 |
| $ | 36,416 |
| $ | 4,208 |
| $ | 32 |
|
Capitalized interest |
| 3,755 |
| 5,171 |
| 6,028 |
| 882 |
| 928 |
| |||||
Total interest |
| 36,803 |
| 42,027 |
| 42,444 |
| 5,090 |
| 960 |
| |||||
One-third of rent expense |
| 101,176 |
| 93,968 |
| 85,822 |
| 67,000 |
| 51,020 |
| |||||
Preferred share dividends |
| 5,478 |
| 28,050 |
| — |
| — |
| — |
| |||||
Total fixed charges |
| $ | 143,457 |
| $ | 164,045 |
| $ | 128,266 |
| $ | 72,090 |
| $ | 51,980 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of earnings to fixed charges |
| 3.81x |
| 2.33x |
| 2.56x |
| 5.21x |
| 7.52x |
|