Exhibit 12
FLEMING COMPANIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
16 Weeks Ended
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Fiscal Year Ended the Last Saturday in December April 16, April 22,
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1990 1991 1992 1993 1994 1994 1995
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(In thousands of dollars)
Earnings:
Pretax income $164,501 $104,329 $194,941 $ 72,078 $112,337 $43,645 $39,976
Fixed charges, net 117,877 117,865 105,726 102,303 148,454 28,836 67,758
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Total earnings $282,378 $222,194 $300,667 $174,381 $260,791 $72,481 $107,734
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Fixed charges:
Interest expense $ 93,643 $ 93,353 $81,102 $ 78,029 $120,408 $21,828 $56,397
Portion of rental
charges deemed
to be interest 22,836 22,907 23,027 22,969 27,746 6,582 11,261
Capitalized
interest and
debt issuance cost
amortization 1,250 1,464 1,287 1,005 364 326 427
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Total fixed
charges $117,729 $117,724 $105,416 $102,003 $148,518 $28,736 $68,085
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Ratio of earnings
to fixed charges 2.40 1.89 2.85 1.71 1.76 2.52 1.58
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"Earnings" consists of income before income taxes and fixed charges excluding
capitalized interest. Capitalized interest amortized during the respective
periods is added back to earnings.
"Fixed charges, net" consists of interest expense, an estimated amount of
rental expense which is deemed to be representative of the interest factor and
amortization of capitalized interest and debt issuance cost.
The pro forma ratio of earnings to fixed charges is omitted as it is not
applicable.