Exhibit 12
SUPERVALU INC.
Ratio of Earnings to Fixed Charges
(unaudited)
Second Quarter | Fiscal Year End | Fiscal Year End | Fiscal Year End | Fiscal Year End | Fiscal Year End | |||||||||||||||||||
September 7, 2002 | February 23, 2002 | February 24, 2001 | February 26, 2000 | February 27, 1999 | February 28, 1998 | |||||||||||||||||||
(In thousands, except ratios) | ||||||||||||||||||||||||
Earnings before income taxes | $ | 93,343 | $ | 331,998 | $ | 139,590 | $ | 445,393 | $ | 316,261 | $ | 384,780 | ||||||||||||
Less undistributed earnings of less than fifty percent owned affiliates | (5,271 | ) | (13,450 | ) | (9,429 | ) | (6,605 | ) | (5,943 | ) | (7,388 | ) | ||||||||||||
Earnings before income taxes | 88,072 | 318,548 | 130,161 | 438,788 | 310,318 | 377,392 | ||||||||||||||||||
Interest expense | 42,606 | 194,294 | 212,898 | 154,482 | 124,111 | 133,619 | ||||||||||||||||||
Interest on operating leases | 8,113 | 35,971 | 29,047 | 23,838 | 18,574 | 18,010 | ||||||||||||||||||
Subtotal | $ | 138,791 | $ | 548,813 | $ | 372,106 | $ | 617,108 | $ | 453,003 | $ | 529,021 | ||||||||||||
Total fixed charges | 50,719 | 230,265 | 241,945 | 178,320 | 142,685 | 151,629 | ||||||||||||||||||
Ratio of earnings to fixed charges | $ | 2.74 | $ | 2.38 | $ | 1.54 | $ | 3.46 | $ | 3.17 | $ | 3.49 | ||||||||||||