EX-12.1 6 aap_exhibit121x12292012.htm EXHIBIT AAP_Exhibit 12.1_12.29.2012


Exhibit 12.1


Advance Auto Parts, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
In Thousands, Except Ratio Data

 
 
Fiscal Year (1)
 
 
2012
 
2011
 
2010
 
2009
 
2008
Earnings:
 
 
 
 
 
 
 
 
 
 
Earnings Before Income Taxes
 
624,074

 
633,236

 
557,055

 
431,655

 
380,692

Add: Fixed Charges
 
170,426

 
187,812

 
177,045

 
165,557

 
169,559

Less: Capitalized Interest
 
(2,064
)
 
(2,191
)
 
(854
)
 
(186
)
 
(2,062
)
Adjusted Earnings
 
792,436

 
818,857

 
733,246

 
597,026

 
548,189

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest Expense (2)
 
35,905

 
33,140

 
27,715

 
23,523

 
35,791

Portion of rent estimated to represent interest
 
134,521

 
154,672

 
149,330

 
142,034

 
133,768

Total Fixed Charges
 
170,426

 
187,812

 
177,045

 
165,557

 
169,559

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
4.6

 
4.4

 
4.1

 
3.6

 
3.2


(1) 
Our fiscal year consists of 52 or 53 weeks ending on the Saturday nearest December 31st. All fiscal years presented are 52 weeks, with the exception of Fiscal 2008 which consisted of 53 weeks.
(2) 
Including amortization of debt discount and debt issuance costs.