EX-12.1 3 wfm10k2015ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

Whole Foods Market, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio data)

 
September 27,
2015
 
September 28,
2014
 
September 29,
2013
 
September 30,
2012
 
September 25,
2011
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes
$
878

 
$
946

 
$
894

 
$
752

 
$
552

 
 
 
 
 
 
 
 
 
 
Rent expense
441

 
407

 
374

 
353

 
322

 
x 1/3

 
x 1/3

 
x 1/3

 
x 1/3

 
x 1/3

One-third of rent expense
147

 
136

 
125

 
118

 
107

Interest expense

 

 

 

 
4

Fixed charges to add to earnings
147

 
136

 
125

 
118

 
111

Total available earnings
$
1,025

 
$
1,082

 
$
1,019

 
$
870

 
$
663

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$

 
$

 
$

 
$

 
$
4

Capitalized interest

 

 

 
1

 
3

Total interest

 

 

 
1

 
7

One-third of rent expense
147

 
136

 
125

 
118

 
107

Total fixed charges
$
147

 
$
136

 
$
125

 
$
119

 
$
114

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
6.98x

 
7.97x

 
8.18x

 
7.33x

 
5.83x