EX-12.1 8 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

SUPERVALU INC.

Ratio of Earnings to Fixed Charges

(unaudited)

 

     Fiscal
Year-to-Date		    Fiscal Year
End		    Fiscal Year
End		     Fiscal Year
End		     Fiscal Year
End		  
     February 25,
2006		    February 26,
2005		    February 28,
2004		     February 22,
2003		     February 23,
2002		  
     (In thousands, except ratios)  

Earnings before income taxes

    $ 329,148    $ 600,864    $ 454,880     $ 408,004     $ 331,998  

Less undistributed earnings of less than fifty percent owned affiliates

      12,123      2,587      (15,793 )     (16,368 )     (13,450 )
                                      

Earnings before income taxes

      341,271      603,451      439,087       391,636       318,548  

Interest expense

      138,928      137,500      165,581       182,499       194,294  

Interest on operating leases

      48,268      45,121      44,280       44,864       35,971  
                                      

Subtotal

      528,467      786,072      648,948       618,999       548,813  
                                      

Total fixed charges

    $ 187,196    $ 182,621    $ 209,861     $ 227,363     $ 230,265  
                                      

Ratio of earnings to fixed charges

      2.82      4.30      3.09       2.72       2.38