EX-12.1 2 dex121.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Kohl's Corporation Ratio of Earnings to Fixed Charges ($000s)
13 Weeks Ended -------------- May 5, April 29, Fiscal Year (1) ---------------------------------------------------- 2001 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- ---- Earnings -------- Income before income taxes and extraordinary items $ 121,934 $ 85,765 $ 421,112 $ 316,749 $ 235,063 $ 171,368 Fixed charges (3) 37,192 26,281 82,835 63,135 57,446 42,806 Less interest capitalized during period (1,334) (1,014) (4,405) (1,878) (2,043) (2,829) ---------- ---------- ---------- ---------- ---------- ---------- $ 157,792 $ 111,032 $ 499,542 $ 378,006 $ 290,466 $ 211,345 ========== ========== ========== ========== ========== ========== Fixed Charges ------------- Interest (expensed or capitalized) (2) $ 14,685 $ 11,673 $ 33,813 $ 24,550 $ 26,304 $ 20,574 Portion of rent expense representative of interest 22,322 14,542 48,769 38,385 30,798 22,031 Amortization of deferred financing fees 185 66 253 200 344 201 ---------- ---------- ---------- ---------- ---------- ---------- $ 37,192 $ 26,281 $ 82,835 $ 63,135 $ 57,446 $ 42,806 ========== ========== ========== ========== ========== ========== Ratio of earnings to fixed charges 4.24 4.22 6.03 5.99 5.06 4.94 ========== ========== ========== ========== ========== ==========
(1) Fiscal 2001, 1999, 1998, 1997 and 1996 are 52 week years and fiscal 2000 is a 53 week year. (2) Interest expense for fiscal 1997 and 1996 has been restated to properly reflect interest expense included on the Consolidated Statements of Income.