EX-12 3 fl-20170128xex12.htm EX-12 FL-2016 10-K Exhibit 12

Exhibit 12



FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

($ in millions)









 

 

 

 

 

 

 

 

 

 



 

Fiscal Year Ended



 

Jan. 28,

 

Jan. 30,

 

Jan. 31,

 

Feb. 1,

 

Feb. 2,



 

2017

 

2016

 

2015

 

2014

 

2013

NET EARNINGS

 

 

 

 

 

 

 

 

 

 

Net income

$

 664 

$

 541 

$

 520 

$

 429 

$

 397 

Income tax expense

 

 340 

 

 296 

 

 289 

 

 234 

 

 210 

Interest expense

 

 11 

 

 11 

 

 11 

 

 11 

 

 11 

Portion of rents deemed representative of the interest factor (1/3)

 

 269 

 

 252 

 

 249 

 

 236 

 

 222 



$

 1,284 

$

 1,100 

$

 1,069 

$

 910 

$

 840 



 

 

 

 

 

 

 

 

 

 

FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

Gross interest expense

$

 11 

$

 11 

$

 11 

$

 11 

$

 11 

Portion of rents deemed representative of the interest factor (1/3)

 

 269 

 

 252 

 

 249 

 

 236 

 

 222 



$

 280 

$

 263 

$

 260 

$

 247 

$

 233 



 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 4.6 

 

 4.2 

 

 4.1 

 

 3.7 

 

 3.6