EX-12.1 7 a2071323zex-12_1.htm EXHIBIT 12.1
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EXHIBIT 12.1


Best Buy Co., Inc.
Computations of Ratios of Earnings to Fixed Charges for the
Nine Months Ended December 1, 2001 and November 25, 2000
and for the Five Years Ended March 3, 2001, February 26, 2000
February 27, 1999, February 28, 1998 and March 1, 1997

(Thousands of Dollars)

 
  Nine Months Ended
  Fiscal Years
 
 
  Dec. 1,
2001

  Nov. 25,
2000

  Mar. 3,
2001

  Feb. 26,
2000

  Feb. 27,
1999

  Feb. 28,
1998

  Mar. 1,
1997

 
Ratio of Earnings to Fixed Charges:                          
Earnings:                                            
  Net earnings   $ 219,857   $ 206,168   $ 395,839   $ 347,070   $ 216,282   $ 81,938   $ (6,177 )
  Income taxes     141,263     127,900     245,640     215,500     135,395     51,465     (3,946 )
   
 
 
 
 
 
 
 
  Total earnings     361,120     334,068     641,479     562,570     351,677     133,403     (10,123 )
   
 
 
 
 
 
 
 
Fixed charges:                                            
  Interest portion of rental expense     113,779     61,012     89,912     68,400     55,980     48,570     41,910  
  Interest expense     15,671     2,630     7,059     5,403     21,177     39,809     52,896  
   
 
 
 
 
 
 
 
  Total fixed charges     129,450     63,642     96,971     73,803     77,157     88,379     94,806  
   
 
 
 
 
 
 
 
Less:                                            
  Capitalized interest     (167 )   0     0     0     0     0     0  
   
 
 
 
 
 
 
 
  Fixed charges in earnings     129,283     63,642     96,971     73,803     77,157     88,379     94,806  
   
 
 
 
 
 
 
 
Earnings available for fixed charges   $ 490,403   $ 397,710   $ 738,450   $ 636,373   $ 428,834   $ 221,782   $ 84,683  
   
 
 
 
 
 
 
 
Ratio of earnings to fixed charges     3.79     6.25     7.62     8.62     5.56     2.51     0.89  
   
 
 
 
 
 
 
 



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Best Buy Co., Inc. Computations of Ratios of Earnings to Fixed Charges for the Nine Months Ended December 1, 2001 and November 25, 2000 and for the Five Years Ended March 3, 2001, February 26, 2000 February 27, 1999, February 28, 1998 and March 1, 1997