Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - AUTOZONE INC | Financial_Report.xls |
EX-32.1 - EX-32.1 - AUTOZONE INC | d641274dex321.htm |
EX-31.2 - EX-31.2 - AUTOZONE INC | d641274dex312.htm |
EX-32.2 - EX-32.2 - AUTOZONE INC | d641274dex322.htm |
EX-15.1 - EX-15.1 - AUTOZONE INC | d641274dex151.htm |
EX-31.1 - EX-31.1 - AUTOZONE INC | d641274dex311.htm |
EX-10.1 - EX-10.1 - AUTOZONE INC | d641274dex101.htm |
10-Q - 10-Q - AUTOZONE INC | d641274d10q.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 |
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Earnings: |
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Income before income taxes |
$ | 341,295 | $ | 322,172 | ||||
Fixed charges |
60,793 | 58,710 | ||||||
Less: Capitalized interest |
(205 | ) | (256 | ) | ||||
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Adjusted earnings |
$ | 401,883 | $ | 380,626 | ||||
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Fixed charges: |
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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 | ||||||
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Fixed charges |
$ | 60,793 | $ | 58,710 | ||||
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Ratio of earnings to fixed charges |
6.6 | 6.5 | ||||||
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Fiscal Year Ended August | ||||||||||||||||||||
2013 (53 weeks) |
2012 (52 weeks) |
2011 (52 weeks) |
2010 (52 weeks) |
2009 (52 weeks) |
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Earnings: |
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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 | ) | ||||||||||
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Adjusted earnings |
$ | 1,851,488 | $ | 1,701,797 | $ | 1,563,516 | $ | 1,383,020 | $ | 1,236,462 | ||||||||||
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Fixed charges: |
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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 | |||||||||||||||
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Fixed charges |
$ | 265,108 | $ | 250,056 | $ | 240,329 | $ | 223,608 | $ | 204,017 | ||||||||||
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Ratio of earnings to fixed charges |
7.0 | 6.8 | 6.5 | 6.2 | 6.1 | |||||||||||||||
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