EX-12.1 3 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES. Statement regarding computation of ratios of earnings to fixed charges.

Exhibit 12.1

Kohl’s Corporation

Ratio of Earnings to Fixed Charges

($000s)

 

     26 Weeks Ended     Fiscal Year (1)  
     August 4,
2007
    July 29,
2006
    February 3,
2007
    January 28,
2006
    January 29,
2005
    January 31,
2004
    February 1,
2003
 

Earnings

              

Income before income taxes

   $ 769,122     $ 637,427     $ 1,774,445     $ 1,345,790     $ 1,130,875     $ 878,513     $ 965,475  

Fixed charges

     138,707       131,957       267,260       251,867       231,365       222,923       166,675  

Less interest capitalized during period

     (8,280 )     (4,227 )     (7,684 )     (7,297 )     (13,297 )     (9,861 )     (9,820 )
                                                        
   $ 899,549     $ 765,157     $ 2,034,021     $ 1,590,360     $ 1,348,943     $ 1,091,575     $ 1,122,330  
                                                        

Fixed Charges

              

Interest (expensed or capitalized)

   $ 36,692     $ 36,569     $ 74,427     $ 81,222     $ 78,058     $ 86,232     $ 69,269  

Portion of rent expense representative of interest

     101,749       95,120       192,209       169,953       152,588       129,655       96,435  

Amortization of deferred financing fees

     266       268       624       692       719       7,036       971  
                                                        
   $ 138,707     $ 131,957     $ 267,260     $ 251,867     $ 231,365     $ 222,923     $ 166,675  
                                                        

Ratio of earnings to fixed charges

     6.49       5.80       7.61       6.31       5.83       4.90       6.73  
                                                        

(1)   All years presented were 52-week years except for the year ended February 3, 2007, which was a 53-week year.