EX-99.1 8 a15-10878_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

Schedule of computation of ratio of earnings to fixed charges of The Kroger Co. and consolidated subsidiary companies for the five fiscal years ended January 31, 2015 and for the quarters ended May 23, 2015 and May 24, 2014.

 

 

 

May 23,

 

May 24,

 

January 31,

 

February 1,

 

February 2,

 

January 28,

 

January 29,

 

 

 

2015

 

2014

 

2015

 

2014

 

2013

 

2012

 

2011

 

 

 

(16 weeks)

 

(16 weeks)

 

(52 weeks)

 

(52 weeks)

 

(53 weeks)

 

(52 weeks)

 

(52 weeks)

 

 

 

(in millions of dollars)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before tax expense

 

$

954

 

$

783

 

$

2,649

 

$

2,282

 

$

2,302

 

$

843

 

$

1,734

 

Fixed charges 

 

272

 

272

 

896

 

797

 

823

 

794

 

826

 

Capitalized interest 

 

(2

)

(1

)

(5

)

(5

)

(3

)

(6

)

(7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges 

 

$

1,224

 

$

1,054

 

$

3,540

 

$

3,074

 

$

3,122

 

$

1,631

 

$

2,553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

150

 

$

148

 

$

493

 

$

448

 

$

465

 

$

441

 

$

455

 

Portion of rental payments deemed to be interest 

 

122

 

124

 

403

 

349

 

358

 

353

 

371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges 

 

$

272

 

$

272

 

$

896

 

$

797

 

$

823

 

$

794

 

$

826

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges 

 

4.5

 

3.9

 

4.0

 

3.9

 

3.8

 

2.1

 

3.1

 

 

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