Attached files
file | filename |
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10-K - FORM 10-K - AUTOZONE INC | c91285e10vk.htm |
EX-21.1 - EXHIBIT 21.1 - AUTOZONE INC | c91285exv21w1.htm |
EX-31.2 - EXHIBIT 31.2 - AUTOZONE INC | c91285exv31w2.htm |
EX-32.2 - EXHIBIT 32.2 - AUTOZONE INC | c91285exv32w2.htm |
EX-32.1 - EXHIBIT 32.1 - AUTOZONE INC | c91285exv32w1.htm |
EX-31.1 - EXHIBIT 31.1 - AUTOZONE INC | c91285exv31w1.htm |
EX-23.1 - EXHIBIT 23.1 - AUTOZONE INC | c91285exv23w1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
(in thousands, except ratios)
Fiscal Year Ended August | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
(52 weeks) | (53 weeks) | (52 weeks) | (52 weeks) | (52 weeks) | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before income taxes |
$ | 1,033,746 | $ | 1,007,389 | $ | 936,150 | $ | 902,036 | $ | 873,221 | ||||||||||
Fixed charges |
204,017 | 173,311 | 170,852 | 156,976 | 144,930 | |||||||||||||||
Less: Capitalized interest |
(1,301 | ) | (1,313 | ) | (1,376 | ) | (1,985 | ) | (1,079 | ) | ||||||||||
Adjusted earnings |
$ | 1,236,462 | $ | 1,179,387 | $ | 1,105,626 | $ | 1,057,027 | $ | 1,017,072 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Gross interest expense |
$ | 143,860 | $ | 120,006 | $ | 121,592 | $ | 110,568 | $ | 102,341 | ||||||||||
Amortization of debt expense |
3,644 | 1,837 | 1,719 | 1,559 | 2,343 | |||||||||||||||
Interest portion of rent expense |
56,513 | 51,468 | 47,541 | 44,849 | 40,246 | |||||||||||||||
Total fixed charges |
$ | 204,017 | $ | 173,311 | $ | 170,852 | $ | 156,976 | $ | 144,930 | ||||||||||
Ratio of earnings to fixed charges |
6.1 | 6.8 | 6.5 | 6.7 | 7.0 | |||||||||||||||