Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - HOME DEPOT, INC. | d10q.htm |
| EX-32.2 - SECTION 906 CERTIFICATION - HOME DEPOT, INC. | dex322.htm |
| EX-15.1 - LETTER OF KPMG LLP - HOME DEPOT, INC. | dex151.htm |
| EX-31.1 - CERTIFICATION - HOME DEPOT, INC. | dex311.htm |
| EX-32.1 - SECTION 906 CERTIFICATION - HOME DEPOT, INC. | dex321.htm |
| EX-31.2 - CERTIFICATION - HOME DEPOT, INC. | dex312.htm |
| EXCEL - IDEA: XBRL DOCUMENT - HOME DEPOT, INC. | Financial_Report.xls |
Exhibit 12.1
THE HOME DEPOT, INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions, except ratio data)
| Fiscal Year (1) | ||||||||||||||||||||||||
| Three Months Ended May 1, 2011 |
2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
| Earnings From Continuing Operations Before Income Taxes |
$ | 1,283 | $ | 5,273 | $ | 3,982 | $ | 3,590 | $ | 6,620 | $ | 8,502 | ||||||||||||
| Less: Capitalized Interest |
(1 | ) | (3 | ) | (4 | ) | (20 | ) | (46 | ) | (47 | ) | ||||||||||||
| Add: |
||||||||||||||||||||||||
| Portion of Rental Expense under operating leases deemed to be the equivalent of interest |
70 | 278 | 277 | 286 | 279 | 257 | ||||||||||||||||||
| Interest Expense |
142 | 533 | 680 | 644 | 741 | 437 | ||||||||||||||||||
| Adjusted Earnings |
$ | 1,494 | $ | 6,081 | $ | 4,935 | $ | 4,500 | $ | 7,594 | $ | 9,149 | ||||||||||||
| Fixed Charges: |
||||||||||||||||||||||||
| Interest Expense |
$ | 142 | $ | 533 | $ | 680 | $ | 644 | $ | 741 | $ | 437 | ||||||||||||
| Portion of Rental Expense under operating leases deemed to be the equivalent of interest |
70 | 278 | 277 | 286 | 279 | 257 | ||||||||||||||||||
| Total Fixed Charges |
$ | 212 | $ | 811 | $ | 957 | $ | 930 | $ | 1,020 | $ | 694 | ||||||||||||
| Ratio of Earnings to Fixed Charges (2) |
7.0x | 7.5x | 5.2x | 4.8x | 7.4x | 13.2x | ||||||||||||||||||
| (1) | Fiscal years 2010, 2009, 2008, 2007 and 2006 refer to the fiscal years ended January 30, 2011, January 31, 2010, February 1, 2009, February 3, 2008 and January 28, 2007, respectively. Fiscal year 2007 includes 53 weeks; all other fiscal years reported include 52 weeks. |
| (2) | For purposes of computing the ratios of earnings to fixed charges, “earnings” consist of earnings from continuing operations before income taxes plus fixed charges, excluding capitalized interest. “Fixed charges” consist of interest incurred on indebtedness including capitalized interest, amortization of debt expenses and the portion of rental expense under operating leases deemed to be the equivalent of interest. The ratios of earnings to fixed charges are calculated as follows: |
(earnings from continuing operations before income taxes)+(fixed charges)-(capitalized interest)
(fixed charges)