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EXHIBIT 11.01
CSK AUTO, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
HISTORICAL PRO FORMA(1)
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FORTY-THREE
FORTY-THREE FISCAL YR WEEKS
FISCAL YEAR ENDED WEEKS ENDED ENDED ENDED
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FEB. 2 JAN. 31 JAN. 30 JUN. 29 JAN. 28 NOV. 26 NOV. 24 JAN. 28 NOV. 24
1992 1993 1994 1995 1996 1995 1996 1996 1996
-------- ------- -------- -------- -------- -------- -------- --------- -----------
(DOLLARS IN THOUSANDS)
Income (loss) before income
taxes..................... $(57,683) $ 612 $ (1,181) $ 8,834 $(14,541) $(10,672) $(20,932) $(30,765) $ (1,605)
-------- ------- -------- -------- -------- -------- -------- -------- --------
Fixed charges
Interest expense.......... 22,004 12,362 11,731 10,343 14,379 11,762 13,154 29,603 25,072
Interest portion of
rentals................. 14,527 14,399 14,530 15,381 18,329 14,461 16,496 18,329 16,496
-------- ------- -------- -------- -------- -------- -------- -------- --------
Total fixed
charges........... 36,531 26,761 26,261 25,724 32,708 26,223 29,650 47,932 41,568
-------- ------- -------- -------- -------- -------- -------- -------- --------
Earnings before income taxes
and fixed charges......... $(21,152) $27,373 $ 25,080 $ 34,558 $ 18,167 $ 15,551 $ 8,718 $ 17,167 $ 39,963
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Ratio of earnings to fixed
charges(2)................ -- 1.02 -- 1.34 -- -- -- -- --
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(1) Adjusted to reflect the impact of the Acquisition and Financings
(2) The ratio of earnings to fixed charges for the fiscal years 1992, 1994, and
1996, for the forty-three week periods ended November 26, 1995 and November
26, 1996, and the pro forma ratio of earnings to fixed charges for the
fiscal year 1996 and the forty-three week period ended November 24, 1996
have not been computed since earnings were not sufficient to cover fixed
charges. The coverage deficiencies were $57,683, $1,181, $14,541, $10,672,
$20,932, $30,765 and $1,605, respectively.