EX-12 3 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12

 

SUPERVALU INC.

Ratio of Earnings to Fixed Charges

(unaudited)

 

     Third
Quarter
     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
     Fiscal Year
End
  
    

November 29,

2003

    

February 22,

2003

    

February 23,

2002

    

February 24,

2001

    

February 26,

2000

  
     (In thousands, except ratios)  

Earnings before income taxes

    $ 89,547     $ 408,004     $ 331,998     $ 139,590     $ 445,393  

Less undistributed earnings of less than fifty percent owned affiliates

      (3,543 )     (16,368 )     (13,450 )     (9,429 )     (6,605 )
    
 
 
 
 

Earnings before income taxes

      86,004       391,636       318,548       130,161       438,788  

Interest expense

      42,121       182,499       194,294       212,898       154,482  

Interest on operating leases

      11,314       44,864       35,971       29,047       23,838  
    
 
 
 
 

Subtotal

      139,439       618,999       548,813       372,106       617,108  
    
 
 
 
 

Total fixed charges

    $ 53,435     $ 227,363     $ 230,265     $ 241,945     $ 178,320  
    
 
 
 
 

Ratio of earnings to fixed charges

      2.61       2.72       2.38       1.54       3.46