EX-12.1 44 a2229372zex-12_1.htm EX-12.1

Exhibit 12.1

 

Whole Foods Market, Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratio data)

 

 

 

Forty
Weeks
Ended

 

Year Ended

 

 

 

July 3, 2016

 

September 27,
2015

 

September 28,
2014

 

September 29,
2013

 

September 30,
2012

 

September 25,
2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

680

 

$

878

 

$

946

 

$

894

 

$

752

 

$

552

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent expense

 

364

 

441

 

407

 

374

 

353

 

322

 

 

 

x 1/3

 

x 1/3

 

x 1/3

 

x 1/3

 

x 1/3

 

x 1/3

 

One-third of rent expense

 

121

 

147

 

136

 

125

 

118

 

107

 

Interest expense

 

30

 

 

 

 

 

4

 

Fixed charges to add to earnings

 

151

 

147

 

136

 

125

 

118

 

111

 

Total available earnings

 

$

831

 

$

1,025

 

$

1,082

 

$

1,019

 

$

870

 

$

663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

30

 

$

 

$

 

$

 

$

 

$

4

 

Capitalized interest

 

2

 

 

 

 

1

 

3

 

Total interest

 

32

 

 

 

 

1

 

7

 

One-third of rent expense

 

121

 

147

 

136

 

125

 

118

 

107

 

Total fixed charges

 

$

153

 

$

147

 

$

136

 

$

125

 

$

119

 

$

114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.43x

 

6.98x

 

7.97x

 

8.18x

 

7.33x

 

5.83x