EX-12.1 5 kr-20170128ex12182d854.htm EX-12.1 kr_Ex12_1

EXHIBIT 12.1

 

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED JANUARY 28, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 28,

 

January 30,

 

January 31,

 

February 1,

 

February 2,

 

 

    

2017

    

2016

    

2015

    

2014

    

2013

 

 

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(53 weeks)

 

 

 

 

 

Earnings:

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings before tax expense

 

$
2,914

 

$
3,094

 

$
2,649

 

$
2,282

 

$
2,302

 

Fixed charges

 

 
1,037

 

 
903

 

 
896

 

 
797

 

 
823

 

Capitalized interest

 

 
(13)

 

 
(9)

 

 
(5)

 

 
(5)

 

 
(3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges

 

$
3,938

 

$
3,988

 

$ 
3,540

 

$
3,074

 

$
3,122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$
535

 

$
491

 

$
493

 

$
448

 

$
465

 

Portion of rental payments deemed to be interest

 

 
502

 

 
412

 

 
403

 

 
349

 

 
358

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$
1,037

 

$
903

 

$
896

 

$
797

 

$
823

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 
3.8

 

 
4.4

 

 
4.0

 

 
3.9

 

 
3.8

 

 

 

1