EX-99.1 6 kr-20170812ex9916a53f2.htm EX-99.1 kr_Ex99_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 January 28, 2017 and for the first two quarters ended August 12, 2017 and August 13, 2016.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 12,

 

August 13,

 

January 28,

 

January 30,

 

January 31,

 

February 1,

 

February 2,

 

    

2017

    

2016

    

2017

    

2016

    

2015

 

2014

    

2013

 

 

(28 weeks)

 

(28 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(52 weeks)

 

(53 weeks)

 

 

 

 

 

 

 

 

 

Earnings:

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

 

    

 

 

Earnings before tax expense

 

$

985

 

$

1,594

 

$

2,914

 

$

3,094

 

$

2,649

 

$

2,282

 

$

2,302

Fixed charges

 

 

606

 

 

545

 

 

1,037

 

 

903

 

 

896

 

 

797

 

 

823

Capitalized interest

 

 

(8)

 

 

(8)

 

 

(13)

 

 

(9)

 

 

(5)

 

 

(5)

 

 

(3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax earnings before fixed charges

 

$

1,583

 

$

2,131

 

3,938

 

$

3,988

 

3,540

 

3,074

 

3,122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

323

 

$

279

 

$

535

 

$

491

 

$

493

 

$

448

 

$

465

Portion of rental payments deemed to be interest

 

 

283

 

 

266

 

 

502

 

 

412

 

 

403

 

 

349

 

 

358

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

606

 

$

545

 

$

1,037

 

$

903

 

$

896

 

$

797

 

$

823

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

2.6

 

 

3.9

 

 

3.8

 

 

4.4

 

 

4.0

 

 

3.9

 

 

3.8

 

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