LOWES COMPANIES INC - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 30, 2010

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EX-13 - EXHIBIT 13 - PORTIONS OF LOWE'S 2009 ANNUAL REPORT TO SHAREHOLDERS - LOWES COMPANIES INCexhibit13.htm
EX-21 - EXHIBIT 21 - LIST OF SUBSIDIARIES - LOWES COMPANIES INCexhibit21.htm
EX-23 - EXHIBIT 23 - CONSENT OF DELOITTE & TOUCHE LLP - LOWES COMPANIES INCexhibit23.htm
EX-31.1 - EXHIBIT 31.1 - SECTION 302 CERTIFICATION - LOWES COMPANIES INCexhibit311.htm
EX-31.2 - EXHIBIT 31.2 - SECTION 302 CERTIFICATION - LOWES COMPANIES INCexhibit312.htm
EX-32.2 - EXHIBIT 32.2 - SECTION 906 CERTIFICATION - LOWES COMPANIES INCexhibit322.htm
EX-32.1 - EXHIBIT 32.1 - SECTION 906 CERTIFICATION - LOWES COMPANIES INCexhibit321.htm
EX-10.20 - EXHIBIT 10.20 - AMENDMENT NUMBER FIVE TO THE LOWE'S COMPANIES, INC. 401(K) PLAN - LOWES COMPANIES INCexhibit1020.htm
EX-10.21 - EXHIBIT 10.21 - AMENDMENT NUMBER ONE TO THE LOWE'S COMPANIES, INC. DIRECTORS' DEFERRED COMPENSATION PROGRAM - LOWES COMPANIES INCexhibit1021.htm
10-K - LOWE'S FORM 10-K JANUARY 29, 2010 - LOWES COMPANIES INClowesform10k01292010.htm
Exhibit 12.1
Lowe’s Companies, Inc.
                    
Statement Re Computation of Ratio of Earnings to Fixed Charges
                    
In Millions, Except Ratio Data
                    
                                 
     
Fiscal Years Ended On
  
   
February 3,
  
February 2,
  
February 1,
  
January 30,
  
January 29,
  
   
2006
  
2007
  
2008
  
2009
  
2010
  
                                 
Earnings:
                                
  Earnings Before Income Taxes
     $ 4,496     $ 4,998     $ 4,511     $ 3,506     $ 2,825  
  Add: Fixed Charges
       340       344       424       479       468  
  Less: Capitalized Interest
       (28 )     (32 )     (65 )     (36 )     (19 )
    Adjusted Earnings
     $ 4,808     $ 5,310     $ 4,870     $ 3,949     $ 3,274  
                                           
Fixed Charges:
                                          
  Interest Expense(1)
       231       238       301       346       331  
  Rental Expense(2)
       109       106       123       133       137  
    Total Fixed Charges
     $ 340     $ 344     $ 424     $ 479     $ 468  
                                           
                                           
Ratio of Earnings to Fixed Charges
       14.1       15.4       11.5       8.2       7.0  
                                           
                                           
(1) Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.
  
                                           
(2) The portion of rental expense that is representative of the interest factor in these rentals.
  

 
 
 
 

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