Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ADVANCE AUTO PARTS INC | d283299d8k.htm |
| EX-4.5 - FORM OF 4.500% NOTE DUE 2022 - ADVANCE AUTO PARTS INC | d283299dex45.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - ADVANCE AUTO PARTS INC | d283299dex11.htm |
| EX-5.1 - OPINION OF BINGHAM MCCUTCHEN LLP - ADVANCE AUTO PARTS INC | d283299dex51.htm |
| EX-4.4 - THIRD SUPPLEMENTAL INDENTURE - ADVANCE AUTO PARTS INC | d283299dex44.htm |
| EX-99.1 - PRESS RELEASE - ADVANCE AUTO PARTS INC | d283299dex991.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The table below sets forth our ratios of earnings to fixed charges for the periods indicated. The ratios have been based upon earnings from continuing operations before fixed charges and taxes on income. Fixed charges include interest (expense and capitalized) and an estimate of the portion of rent expense that is representative of the interest factor in these rentals.
Ratio of Earnings to Fixed Charges
In Thousands, Except Ratio Data
| Forty Weeks Ended | Fiscal Year (1) | |||||||||||||||||||||||
| Q3 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
| Earnings: |
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| Earnings Before Income Taxes |
$ | 526,077 | $ | 557,055 | $ | 431,655 | $ | 380,692 | $ | 382,634 | $ | 369,915 | ||||||||||||
| Add: Fixed Charges |
141,626 | 177,045 | 165,557 | 169,559 | 154,043 | 142,023 | ||||||||||||||||||
| Less: Capitalized Interest |
(1,159 | ) | (854 | ) | (186 | ) | (2,062 | ) | (1,384 | ) | (821 | ) | ||||||||||||
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| Adjusted Earnings |
$ | 666,544 | $ | 733,246 | $ | 597,026 | $ | 548,189 | $ | 535,293 | $ | 511,117 | ||||||||||||
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| Fixed Charges: |
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| Interest Expense(2) |
27,035 | 27,715 | 23,523 | 35,791 | 36,193 | 36,813 | ||||||||||||||||||
| Portion of Rent Estimated to Represent Interest |
114,591 | 149,330 | 142,034 | 133,768 | 117,850 | 105,210 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 141,626 | $ | 177,045 | $ | 165,557 | $ | 169,559 | $ | 154,043 | $ | 142,023 | ||||||||||||
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| Ratio of Earnings to Fixed Charges |
4.7 | 4.1 | 3.6 | 3.2 | 3.5 | 3.6 | ||||||||||||||||||
| (1) | Our fiscal year consists of 52 or 53 weeks ending on the Saturday nearest December 31st. All fiscal years presented are 52 weeks, with the exception of Fiscal 2008 which consisted of 53 weeks. |
| (2) | Including amortization of debt discount and debt issuance costs. |