Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
Alameda, anniversary, Asian, Attorney, bad, Berry, burden, casualty, communicate, consumption, cooperating, County, dispersed, earlier, enable, euro, European, feedback, hacking, heavily, IMC, Interamerican, interim, Kristen, ledger, macro, manner, mentioned, merged, merger, module, OE, persistent, PLC, privacy, promised, prosecutorial, quickly, subpoena, tear, transmission, trickery, trust, unintentional, user, waste, wholesale, Wright, written
Filing tables
Filing exhibits
Related press release
AZO similar filings
Filing view
External links
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Fiscal Year Ended August | ||||||||||||||||||||
(in thousands, except ratios) | 2014 (52 weeks) | 2013 (53 weeks) | 2012 (52 weeks) | 2011 (52 weeks) | 2010 (52 weeks) | |||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 1,662,714 | $ | 1,587,683 | $ | 1,452,986 | $ | 1,324,246 | $ | 1,160,505 | ||||||||||
Fixed charges | 249,513 | 265,108 | 250,056 | 240,329 | 223,608 | |||||||||||||||
Less: Capitalized interest | (1,041 | ) | (1,303 | ) | (1,245 | ) | (1,059 | ) | (1,093 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Adjusted earnings | $ | 1,911,186 | $ | 1,851,488 | $ | 1,701,797 | $ | 1,563,516 | $ | 1,383,020 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges: | ||||||||||||||||||||
Gross interest expense | $ | 163,544 | $ | 180,085 | $ | 170,481 | $ | 164,712 | $ | 156,135 | ||||||||||
Amortization of debt expense | 6,856 | 8,239 | 8,066 | 8,962 | 6,495 | |||||||||||||||
Interest portion of rent expense | 79,113 | 76,784 | 71,509 | 66,655 | 60,978 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges | $ | 249,513 | $ | 265,108 | $ | 250,056 | $ | 240,329 | $ | 223,608 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of earnings to fixed charges | 7.7 | 7.0 | 6.8 | 6.5 | 6.2 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|