EXHIBIT 12
FLEMING COMPANIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FISCAL YEAR ENDED THE LAST SATURDAY IN DECEMBER
------------------------------------------------
1990 1991 1992 1993 1994
-------- -------- -------- -------- --------
(IN THOUSANDS OF DOLLARS)
Earnings:
Pretax income $164,501 $104,329 $194,941 $ 72,078 $112,337
Fixed charges, net 117,877 117,865 105,726 102,303 148,454
-------- -------- -------- -------- --------
Total earnings $282,378 $222,194 $300,667 $174,381 $260,791
======== ======== ======== ======== ========
Fixed charges:
Interest expense $ 93,643 $ 93,353 $ 81,102 $ 78,029 $120,408
Portion of rental charges
deemed to be interest 22,836 22,907 23,027 22,969 27,746
Capitalized interest and
debt issuance cost
amortization 1,250 1,464 1,287 1,005 364
-------- -------- -------- -------- --------
Total fixed charges $117,729 $117,724 $105,416 $102,003 $148,518
======== ======== ======== ======== ========
Ratio of earnings
to fixed charges 2.40 1.89 2.85 1.71 1.76
==== ==== ==== ==== ====
"Earnings" consist of income from continuing operations before income taxes
and fixed charges excluding capitalized interest. Capitalized interest
amortized during the respective periods is added back to earnings.
"Fixed charges, net" consist 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.