Exhibit 12
SUPERVALU INC.
Ratio of Earnings to Fixed Charges
(unaudited)
Second Quarter | Fiscal Year-to-Date | Fiscal Year End | Fiscal Year End | Fiscal Year End | Fiscal Year End | ||||||||||||||||
September 10, 2005 | September 10, 2005 | February 26, 2005 | February 28, 2004 | February 22, 2003 | February 23, 2002 | ||||||||||||||||
(In thousands, except ratios) | |||||||||||||||||||||
Earnings before income taxes | $ | 53,608 | $ | 198,373 | $ | 600,864 | $ | 454,880 | $ | 408,004 | $ | 331,998 | |||||||||
Less undistributed earnings of less than fifty percent owned affiliates | 474 | 3,057 | 2,587 | (15,793 | ) | (16,368 | ) | (13,450 | ) | ||||||||||||
Earnings before income taxes | 54,082 | 201,430 | 603,451 | 439,087 | 391,636 | 318,548 | |||||||||||||||
Interest expense | 31,070 | 76,653 | 137,500 | 165,581 | 182,499 | 194,294 | |||||||||||||||
Interest on operating leases | 10,749 | 24,202 | 45,121 | 44,280 | 44,864 | 35,971 | |||||||||||||||
Subtotal | 95,901 | 302,285 | 786,072 | 648,948 | 618,999 | 548,813 | |||||||||||||||
Total fixed charges | $ | 41,819 | $ | 100,855 | $ | 182,621 | $ | 209,861 | $ | 227,363 | $ | 230,265 | |||||||||
Ratio of earnings to fixed charges | 2.29 | 3.00 | 4.30 | 3.09 | 2.72 | 2.38 | |||||||||||||||