EX-99.1 5 a13-21605_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 February 2, 2013 and for the three quarters ended November 9, 2013 and November 3, 2012.

 

 

 

November 9,

 

November 3,

 

February 2,

 

January 28,

 

January 29,

 

January 30,

 

January31,

 

 

 

2013

 

2012

 

2013

 

2012

 

2011

 

2010

 

2009

 

 

 

(40 weeks)

 

(40 weeks)

 

(53 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

 

 

(in millions of dollars)

 

Earnings: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income tax expense

 

$

1,671

 

$

1,594

 

$

2,302

 

$

843

 

$

1,734

 

$

589

 

$

1,967

 

Fixed charges 

 

605

 

621

 

823

 

794

 

826

 

881

 

872

 

Capitalized interest 

 

(4

)

(3

)

(3

)

(6

)

(7

)

(10

)

(11

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges 

 

$

2,272

 

$

2,212

 

$

3,122

 

$

1,631

 

$

2,553

 

$

1,460

 

$

2,828

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest 

 

$

340

 

$

352

 

$

465

 

$

441

 

$

455

 

$

512

 

$

496

 

Portion of rental payments deemed to be interest 

 

265

 

269

 

358

 

353

 

371

 

369

 

376

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges 

 

$

605

 

$

621

 

$

823

 

$

794

 

$

826

 

$

881

 

$

872

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges 

 

3.8

 

3.6

 

3.8

 

2.1

 

3.1

 

1.7

 

3.2

 

 

1