Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - AUTOZONE INC | c12604e10vq.htm |
| EX-10.3 - EXHIBIT 10.3 - AUTOZONE INC | c12604exv10w3.htm |
| EX-10.4 - EXHIBIT 10.4 - AUTOZONE INC | c12604exv10w4.htm |
| EX-32.2 - EXHIBIT 32.2 - AUTOZONE INC | c12604exv32w2.htm |
| EX-15.1 - EXHIBIT 15.1 - AUTOZONE INC | c12604exv15w1.htm |
| EX-10.1 - EXHIBIT 10.1 - AUTOZONE INC | c12604exv10w1.htm |
| EX-10.2 - EXHIBIT 10.2 - AUTOZONE INC | c12604exv10w2.htm |
| EX-32.1 - EXHIBIT 32.1 - AUTOZONE INC | c12604exv32w1.htm |
| EX-31.1 - EXHIBIT 31.1 - AUTOZONE INC | c12604exv31w1.htm |
| EX-31.2 - EXHIBIT 31.2 - AUTOZONE INC | c12604exv31w2.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AUTOZONE INC | Financial_Report.xls |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
(Unaudited)
(in thousands, except ratios)
| Twenty-Four Weeks Ended | ||||||||
| February 12, | February 13, | |||||||
| 2011 | 2010 | |||||||
Earnings: |
||||||||
Income before income taxes |
$ | 501,039 | $ | 418,160 | ||||
Fixed charges |
108,190 | 101,984 | ||||||
Less: Capitalized interest |
(316 | ) | (527 | ) | ||||
Adjusted earnings |
$ | 608,913 | $ | 519,617 | ||||
Fixed charges: |
||||||||
Gross interest expense |
$ | 74,153 | $ | 71,522 | ||||
Amortization of debt expense |
3,898 | 2,999 | ||||||
Interest portion of rent expense |
30,139 | 27,463 | ||||||
Fixed charges |
$ | 108,190 | $ | 101,984 | ||||
Ratio of earnings to fixed charges |
5.6 | 5.1 | ||||||
| Fiscal Year Ended August | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| (52 weeks) | (52 weeks) | (53 weeks) | (52 weeks) | (52 weeks) | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before income taxes |
$ | 1,160,505 | $ | 1,033,746 | $ | 1,007,389 | $ | 936,150 | $ | 902,036 | ||||||||||
Fixed charges |
223,608 | 204,017 | 173,311 | 170,852 | 156,976 | |||||||||||||||
Less: Capitalized interest |
(1,093 | ) | (1,301 | ) | (1,313 | ) | (1,376 | ) | (1,985 | ) | ||||||||||
Adjusted earnings |
$ | 1,383,020 | $ | 1,236,462 | $ | 1,179,387 | $ | 1,105,626 | $ | 1,057,027 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Gross interest expense |
$ | 156,135 | $ | 143,860 | $ | 120,006 | $ | 121,592 | $ | 110,568 | ||||||||||
Amortization of debt expense |
6,495 | 3,644 | 1,837 | 1,719 | 1,559 | |||||||||||||||
Interest portion of rent expense |
60,978 | 56,513 | 51,468 | 47,541 | 44,849 | |||||||||||||||
Fixed charges |
$ | 223,608 | $ | 204,017 | $ | 173,311 | $ | 170,852 | $ | 156,976 | ||||||||||
Ratio of earnings to fixed charges |
6.2 | 6.1 | 6.8 | 6.5 | 6.7 | |||||||||||||||