Exhibit 12.1
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE KROGER CO.
AND CONSOLIDATED SUBSIDIARY COMPANIES AND UNCONSOLIDATED COMPANIES AS IF
CONSOLIDATED FOR THE FIVE FISCAL YEARS ENDED DECEMBER 28, 1996
Five Years Ended
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December 28, December 30, December 31, January 1, January 2,
1996 1995 1994 1994 1993
(52 Weeks) (52 Weeks) (52 Weeks) (52 Weeks) (53 Weeks)
----------- ----------- ----------- ---------- ----------
(in thousands of dollars)
Earnings
Earnings from continuing
operations before tax
expense, extraordinary
loss and cumulative
effect of change
in accounting............ $ 567,313 $ 509,538 $ 421,363 $ 283,938 $ 173,415
Fixed charges............. 482,680 489,939 500,599 556,008 640,004
Capitalized interest...... (10,887) (6,785) (2,521) 230 (960)
---------- --------- --------- ---------- ---------
$1,039,106 $ 992,692 $ 919,441 $ 840,176 $ 812,459
========== ========= ========= ========== =========
Fixed Charges
Interest.................. $ 311,958 $ 320,236 $ 331,097 $ 391,693 $ 476,932
Portion of rental payments
deemed to be interest.... 170,722 169,703 169,502 164,315 163,072
---------- --------- --------- ---------- ---------
$ 482,280 $ 489,939 $ 500,599 $ 556,008 $ 640,004
========== ========= ========= ========== =========
Ratio of Earnings to
Fixed Charges. . . . . . . . . 2.2 2.0 1.8 1.5 1.3