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Filing exhibits
- 10-Q Quarterly report
- 10 Darden Restaurants, Inc. Management and Professional Incentive Plan
- 10 Form of Amended and Restated Management Continuity Agreement
- 10 Form of Non-qualified Stock Option Award Agreement
- 10 Form of Non-qualified Stock Option Award Agreement
- 10 Form of Restricted Stock Award Agreement
- 12 Computation of Ratio of Consolidated Earnings to Fixed Charges
- 31 Certification
- 31 Certification
- 32 Certification
- 32 Certification
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Exhibit 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
Quarter Ended | Nine Months Ended | |||||||||||||||
February 22, 2009 | February 24, 2008 | February 22, 2009 | February 24, 2008 | |||||||||||||
Consolidated earnings from continuing operations before income taxes | $ | 148.5 | $ | 156.9 | $ | 345.4 | $ | 368.0 | ||||||||
Plus fixed charges: | ||||||||||||||||
Gross interest expense(1) | 28.5 | 28.8 | 87.7 | 64.0 | ||||||||||||
40% of restaurant and equipment minimum rent expense | 10.8 | 8.9 | 31.8 | 22.5 | ||||||||||||
Total fixed charges | 39.3 | 37.7 | 119.5 | 86.5 | ||||||||||||
Less capitalized interest | (2.6 | ) | (1.4 | ) | (6.5 | ) | (4.0 | ) | ||||||||
Consolidated earnings from continuing operations before income taxes available to cover fixed charges | $ | 185.2 | $ | 193.2 | $ | 458.4 | $ | 450.5 | ||||||||
Ratio of consolidated earnings from continuing operations to fixed charges | 4.7 | 5.1 | 3.8 | 5.2 | ||||||||||||
(1) | Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits. |