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

Attached files

file filename
EX-10.1 - EXHIBIT 10.1 - AMENDMENT NO. 6 TO THE LOWE'S COMPANIES, INC. 401(K) PLAN - LOWES COMPANIES INCexhibit101.htm
EXCEL - IDEA: XBRL DOCUMENT - LOWES COMPANIES INCFinancial_Report.xls
EX-32.2 - EXHIBIT 32.2 - SECTION 906 CERTIFICATION - LOWES COMPANIES INCexhibit322.htm
EX-31.2 - EXHIBIT 31.2 - SECTION 302 CERTIFICATION - LOWES COMPANIES INCexhibit312.htm
EX-10.2 - EXHIBIT 10.2 - AMENDMENT NO. 2 TO THE LOWE'S COMPANIES, INC. CASH DEFERRAL PLAN - LOWES COMPANIES INCexhibit102.htm
EX-10.3 - EXHIBIT 10.3 - AMENDMENT NO. 2 TO THE LOWE'S COMPANIES, INC. EMPLOYEE STOCK PURCHASE PLAN - STOCK OPTIONS FOR EVERYONE, AS AMENDED AND RESTATED - LOWES COMPANIES INCexhibit103.htm
EX-32.1 - EXHIBIT 32.1 - SECTION 906 CERTIFICATION - LOWES COMPANIES INCexhibit321.htm
10-Q - LOWE'S FORM 10-Q 10-29-2010 - LOWES COMPANIES INClowesform10q10292010.htm
EX-31.1 - EXHIBIT 31.1 - SECTION 302 CERTIFICATION - LOWES COMPANIES INCexhibit311.htm
EX-15.1 - EXHIBIT 15.1 - DELOITTE & TOUCHE LLP LETTER RE UNAUDITED INTERIM FINANCIAL INFORMATION - LOWES COMPANIES INCexhibit151.htm
   
 
  
 
  
 
  
 
  
Exhibit 12.1
  
   
 
  
 
  
 
  
 
  
 
  
 
  
 
  
Lowe's Companies, Inc.
  
 
  
 
  
 
  
 
  
 
  
 
  
 
  
Statement Re Computation of Ratio of Earnings to Fixed Charges
  
 
  
 
  
 
  
 
  
In Millions, Except Ratio Data
  
 
  
 
  
 
  
 
  
 
  
 
  
   
 
  
 
  
 
  
 
  
 
  
 
  
 
  
 
Nine Months Ended
  
Fiscal Years Ended On
  
 
October 29,
  
October 30,
  
January 29,
  
January 30,
  
February 1,
  
February 2,
  
February 3,
  
 
2010
  
2009
  
2010
  
2009
  
2008
  
2007
  
2006
  
   
 
  
 
  
 
  
 
  
 
  
 
  
 
  
Earnings:
  
 
  
 
  
 
  
 
  
 
  
 
  
 
  
  Earnings Before Income Taxes
   $ 2,772   $ 2,504   $ 2,825   $ 3,506   $ 4,511   $ 4,998   $ 4,496  
  Add: Fixed Charges
     364     352     468     479     424     344     340  
  Less: Capitalized Interest (1)
     (4 )   (12 )   (19 )    (36 )   (65 )    (32 )   (28 )
    Adjusted Earnings
   $ 3,132   $ 2,844   $ 3,274   $ 3,949   $ 4,870   $ 5,310   $ 4,808  
                                             
Fixed Charges:
                                            
  Interest Expense (2)
   $  261   $ 248   $ 331   $  346   $  301   $  238   $  231  
  Rental Expense (3)
     103     104     137     133     123     106     109  
    Total Fixed Charges
   $ 364   $ 352   $ 468   $ 479   $ 424   $ 344   $ 340  
                                             
                                             
Ratio of Earnings to Fixed Charges
     8.6     8.1     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.
              

LOWES COMPANIES INC Reports