EX-99.1 6 exhibit99-1.htm ADDITIONAL EXHIBITS - STATEMENT OF COMPUTATION
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 28, 2006 and for the quarters ended August 12, 2006 and August 13, 2005.

  August  12,      August 13,      January 28,      January 29,       January 31,       February 1,       February 2,
  2006 2005 2006 2005 2004   2003  2002
   (28 weeks)  (28 weeks)  (52 weeks)  (52 weeks)    (52 weeks) (52 weeks) (52 weeks)
   (in millions of dollars)
Earnings:                                         
Earnings before tax expense (1)  $ 828     $ 772     $ 1,525     $ 286   $ 739   $ 1,950   $ 1,706
Fixed charges (1)    471   482   895   950   983   1,000   1,032
Capitalized interest    (7 )   (4 )    (7 )   (5 )   (5 )   (5 )   (9 )
 
     Pre-tax earnings before fixed charges  $ 1,292   $ 1,250   $ 2,413   $ 1,231   $ 1,717   $ 2,945   $ 2,729  
Fixed charges:                             
Interest (1)  $ 272 $ 284 $ 518 $ 562 $ 609 $ 624 $ 659
Portion of rental payments deemed to be                             
   interest    199     198     377     388     374     376     373  
 
     Total fixed charges  $ 471   $ 482   $ 895   $ 950   $ 983   $ 1,000   $ 1,032  
Ratio of earnings to fixed charges (1)    2.7   2.6   2.7   1.3   1.7   2.9   2.6

(1)      Amounts have been adjusted for the Company’s adoption of SFAS No. 145 on February 2, 2003. Adoption of this Statement required the Company to reclassify the debt extinguishments recorded as extraordinary items in prior periods as interest expense in those periods. These debt extinguishments totaled $19 million, pre-tax, in the fiscal year ended February 1, 2003. There were no debt extinguishments recorded as extraordinary items during the fiscal year ended February 2, 2002.