LOWES COMPANIES INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - June 1, 2010

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EXCEL - IDEA: XBRL DOCUMENT - LOWES COMPANIES INCFinancial_Report.xls
10-Q - LOWE'S FORM 10-Q 04-30-2010 - LOWES COMPANIES INClowesform10q04302010.htm
EX-3.2 - EXHIBIT 3.2 - BYLAWS OF LOWE'S COMPANIES, INC., AS AMENDED AND RESTATED - LOWES COMPANIES INCexhibit32.htm
EX-10.1 - EXHIBIT 10.1 - EMPLOYEE STOCK PURCHASE PLAN AMENDMENT - LOWES COMPANIES INCexhibit101.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-15.1 - EXHIBIT 15.1 - DELOITTE AND TOUCHE LLP LETTER RE UNAUDITED INTERIM FINANCIAL INFORMATION - LOWES COMPANIES INCexhibit151.htm
EX-32.1 - EXHIBIT 32.1 - SECTION 906 CERTIFICATION - LOWES COMPANIES INCexhibit321.htm
EX-31.1 - EXHIBIT 31.1 - SECTION 302 CERTIFICATION - LOWES COMPANIES INCexhibit311.htm

                           
Exhibit 12.1
                                         
Lowe's Companies, Inc.
                                        
Statement Re Computation of Ratio of Earnings to Fixed Charges
                        
In Millions, Except Ratio Data
                                        
                                         
 
Three Months Ended
    
Fiscal Years Ended On
 
April 30,
  
May 1,
      January 29,
 
    January 30,
 
   February 1, 
 
   February 2,   
February 3,
 
2010 
  
2009 
      2010
 
   2009 
 
   2008 
 
   2007 
 
  
2006 
                                         
Earnings:
                                        
  Earnings Before Income Taxes
$
 786 
  
$
 760 
  
$
 2,825 
  
$
 3,506 
  
$
 4,511 
  
$
 4,998 
  
$
 4,496 
  Add: Fixed Charges
  
 119 
    
 117 
    
 468 
    
 479 
    
 424 
    
 344 
    
 340 
  Less: Capitalized Interest (1)
  
 - 
    
 (4)
    
 (19)
    
 (36)
    
 (65)
    
 (32)
    
 (28)
    Adjusted Earnings
$
 905 
  
$
 873 
  
$
 3,274 
  
$
 3,949 
  
$
 4,870 
  
$
 5,310 
  
$
 4,808 
                                         
Fixed Charges:
                                        
  Interest Expense (2)
  
 85 
    
 84 
    
 331 
    
 346 
    
 301 
    
 238 
    
 231 
  Rental Expense (3)
  
 34 
    
 33 
    
 137 
    
 133 
    
 123 
    
 106 
    
 109 
    Total Fixed Charges
$
 119 
  
$
 117 
  
$
 468 
  
$
 479 
  
$
 424 
  
$
 344 
  
$
 340 
                                         
                                         
Ratio of Earnings to Fixed Charges
  
 7.6 
    
 7.5 
    
 7.0 
    
 8.2 
    
 11.5 
    
 15.4 
    
 14.1 
                                         
                                         
(1) Includes the net of interest capitalized and the amortization of previously-capitalized interest.
    
                                         
(2) Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.
    
                                         
(3) The portion of rental expense that is representative of the interest factor in these rentals.
          

 
 
 

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