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 November 4, 2006 and November 5, 2005.

   November 4,  November 5,  January 28,  January 29,  January 31,  February 1,    February 2,
   2006  2005  2006  2005  2004  2003    2002
       (40 weeks)      (40 weeks)      (52 weeks)      (52 weeks)      (52 weeks)      (52 weeks)        (52 weeks)
   (in millions of dollars)
Earnings:                             
Earnings before tax expense(1)  $  1,170     $  1,073     $  1,525   $  286   $  739   $  1,950   $  1,706  
Fixed charges(1)    659     692     895       950       983       1,000     1,032  
Capitalized interest    (10 )    (5 )   (7 )   (5 )    (5 )   (5 )   (9 )
     Pre-tax earnings before fixed charges  $       1,819   $       1,760   $       2,413   $       1,231   $       1,717   $       2,945   $       2,729  
 
Fixed charges:                             
Interest(1)  $  381   $  399   $  518   $  562   $  609   $  624   $  659  
Portion of rental payments deemed to be                             
   interest    278     293     377     388     374     376     373  
 
     Total fixed charges  $  659   $  692   $  895   $  950   $  983   $  1,000   $  1,032  
Ratio of earnings to fixed charges(1)    2.8     2.5     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.