EX-12.1 2 fl-20180505xex12_1.htm EX-12.1 FL-2018 Q1 10-Q Exhibit 12.1

 



Exhibit 12



FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

($ in millions)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Thirteen weeks ended

 

 

Fiscal Year Ended



 

May 5,

 

Apr. 29,

 

 

Feb. 3,

 

Jan. 28,

 

Jan. 30,

 

Jan. 31,

 

Feb. 1,



 

2018

 

2017

 

 

2018

 

2017

 

2016

 

2015

 

2014

NET EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

165 

$

180 

 

$

284 

$

664 

$

541 

$

520 

$

429 

Income tax expense

 

64 

 

89 

 

 

294 

 

340 

 

296 

 

289 

 

234 

Interest expense, excluding capitalized interest

 

 

 

 

12 

 

11 

 

11 

 

11 

 

11 

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

 

72 

 

67 

 

 

287 

 

269 

 

252 

 

249 

 

236 



$

304 

$

339 

 

$

877 

$

1,284 

$

1,100 

$

1,069 

$

910 

FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross interest expense

$

$

 

$

12 

$

11 

$

11 

$

11 

$

11 

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

 

72 

 

67 

 

 

287 

 

269 

 

252 

 

249 

 

236 



$

75 

$

70 

 

$

299 

$

280 

$

263 

$

260 

$

247 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

4.1 

 

4.8 

 

 

2.9 

 

4.6 

 

4.2 

 

4.1 

 

3.7