EXHIBIT 12.1
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
ADVANCE STORES COMPANY, INCORPORATED
Historical Proforma(1)
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Last Twelve
Fiscal Year Forty Weeks Ended Months Ended
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October 7, October 6, October 6,
1996 1997 1998 1999 2000 2000 2001 2001
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(dollars in thousands)
Income (loss) before income taxes $ 33,947 $ 35,042 $ 3,499 $(29,193) $ 37,032 $ 38,240 $ 69,669 $ 86,437
Fixed charges:
Interest expense 6,221 7,732 29,517 53,844 56,519 44,165 36,567 83,307
Interest portion of rentals 12,868 16,099 22,758 37,640 40,332 30,876 32,723 46,600
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Total fixed charges 19,089 23,831 52,275 91,484 96,851 75,041 69,290 129,907
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Earnings before income taxes and fixed charges $ 53,036 $ 58,873 $ 55,774 $ 62,291 $ 133,883 $ 113,281 $138,959 $ 216,344
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Ratio of earnings to fixed charges 2.78 2.47 1.07 0.68 1.38 1.51 2.01 1.67
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DISCOUNT AUTO PARTS, INC.
Historical
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Fiscal Year Thirteen Weeks Ended
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August 29, August 28,
1997 1998 1999 2000 2001 2000 2001
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(dollars in thousands)
Income (loss) before income taxes $ 20,721 $ 44,193 $ 43,824 $ 41,795 $ 27,488 $ 5,576 $ 9,144
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Fixed charges:
Interest expense(2) 6,225 10,332 12,996 18,505 22,196 5,699 3,490
Interest portion of rentals 605 662 1,698 2,573 3,684 808 1,545
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Total fixed charges 6,830 10,994 14,694 21,078 25,880 6,507 5,035
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Earnings before income taxes and fixed charges $ 27,551 $ 55,187 $ 58,518 $ 62,873 $ 53,368 $ 12,083 $ 14,179
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Ratio of earnings to fixed charges 4.03 5.02 3.98 2.98 2.06 1.86 2.82
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(1)Adjusted to give effect to the acquisition as if the transaction had
occurred on January 2, 2000.
(2)Includes amortization of deferred debt issuance costs to be consistent
with Advance.