EX-12.1 2 wfm10k2017ex121.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 24,
2017
 
September 25,
2016
 
September 27,
2015
 
September 28,
2014
 
September 29,
2013
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes
$
417

 
$
827

 
$
878

 
$
894

 
$
752

 
 
 
 
 
 
 
 
 
 
Rent expense
508

 
477

 
441

 
407

 
353

 
x 1/3

 
x 1/3

 
x 1/3

 
x 1/3

 
x 1/3

One-third of rent expense
169

 
159

 
147

 
136

 
125

Interest expense
49

 
41

 
—

 
—

 
—

Fixed charges to add to earnings
218

 
200

 
147

 
136

 
125

Total available earnings
$
635

 
$
1,027

 
$
1,025

 
$
1,030

 
$
877

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
49

 
$
41

 
$
—

 
$
—

 
$
—

Capitalized interest
5

 
3

 
—

 
—

 
1

Total interest
54

 
44

 
—

 
—

 
1

One-third of rent expense
169

 
159

 
147

 
136

 
125

Total fixed charges
$
223

 
$
203

 
$
147

 
$
136

 
$
126

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.85x

 
5.06x

 
6.98x

 
7.97x

 
8.18x