EX-12.1 3 d625423dex121.htm EX-12.1 EX-12.1

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.