EX-12.1 4 a2197223zex-12_1.htm EXHIBIT 12.1

Exhibit No. 12.1

 

Statements re: Computation of Ratios

$ in millions

 

 

 

Feb. 27,
2010

 

Feb. 28,
2009

 

Mar. 1,
2008

 

Mar. 3,
2007

 

Feb. 25,
2006

 

Ratio of Earnings to Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Best Buy Co., Inc.

 

$

1,317

 

$

1,003

 

$

1,407

 

$

1,377

 

$

1,140

 

Net earnings attributable to noncontrolling interests

 

77

 

30

 

3

 

1

 

—

 

Equity in (income) loss of affiliates

 

(1

)

(7

)

3

 

—

 

—

 

Income tax expense

 

802

 

674

 

815

 

752

 

581

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income tax expense and equity in (income) loss of affiliates

 

$

2,195

 

1,700

 

2,228

 

2,130

 

1,721

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest portion of rental expense

 

338

 

282

 

222

 

198

 

165

 

Interest expense

 

94

 

94

 

62

 

31

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

432

 

376

 

284

 

229

 

195

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges in earnings

 

432

 

376

 

284

 

229

 

195

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings available for fixed charges

 

$

2,627

 

2,076

 

2,512

 

2,359

 

1,916

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

6.08

 

5.52

 

8.85

 

10.30

 

9.81