Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - AUTOZONE INCFinancial_Report.xls
EX-32.1 - EX-32.1 - AUTOZONE INCd641274dex321.htm
EX-31.2 - EX-31.2 - AUTOZONE INCd641274dex312.htm
EX-32.2 - EX-32.2 - AUTOZONE INCd641274dex322.htm
EX-15.1 - EX-15.1 - AUTOZONE INCd641274dex151.htm
EX-31.1 - EX-31.1 - AUTOZONE INCd641274dex311.htm
EX-10.1 - EX-10.1 - AUTOZONE INCd641274dex101.htm
10-Q - 10-Q - AUTOZONE INCd641274d10q.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(in thousands, except ratios)

 

     Twelve Weeks Ended  
     November 23,
2013
    November 17,
2012
 

Earnings:

    

Income before income taxes

   $ 341,295      $ 322,172   

Fixed charges

     60,793        58,710   

Less: Capitalized interest

     (205     (256
  

 

 

   

 

 

 

Adjusted earnings

   $ 401,883      $ 380,626   
  

 

 

   

 

 

 

Fixed charges:

    

Gross interest expense

   $ 41,260      $ 39,714   

Amortization of debt origination fees

     1,711        1,941   

Interest portion of rent expense

     17,822        17,055   
  

 

 

   

 

 

 

Fixed charges

   $ 60,793      $ 58,710   
  

 

 

   

 

 

 

Ratio of earnings to fixed charges

     6.6        6.5   
  

 

 

   

 

 

 

 

     Fiscal Year Ended August  
     2013
(53 weeks)
    2012
(52 weeks)
    2011
(52 weeks)
    2010
(52 weeks)
    2009
(52 weeks)
 

Earnings:

          

Income before income taxes

   $ 1,587,683      $ 1,452,986      $ 1,324,246      $ 1,160,505      $ 1,033,746   

Fixed charges

     265,108        250,056        240,329        223,608        204,017   

Less: Capitalized interest

     (1,303     (1,245     (1,059     (1,093     (1,301
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted earnings

   $ 1,851,488      $ 1,701,797      $ 1,563,516      $ 1,383,020      $ 1,236,462   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges:

          

Gross interest expense

   $ 180,085      $ 170,481      $ 164,712      $ 156,135      $ 143,860   

Amortization of debt origination fees

     8,239        8,066        8,962        6,495        3,644   

Interest portion of rent expense

     76,784        71,509        66,655        60,978        56,513   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 265,108      $ 250,056      $ 240,329      $ 223,608      $ 204,017   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     7.0        6.8        6.5        6.2        6.1