WALGREEN CO - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 20, 2014

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EXCEL - IDEA: XBRL DOCUMENT - WALGREEN COFinancial_Report.xls
EX-2.3 - AGREEMENT AND PLAN OF MERGER, DATED OCTOBER 17, 2014, BY AND AMONG WALGREEN CO., WALGREENS BOOTS ALLIANCE, INC. AND ONTARIO MERGER SUB, INC. - WALGREEN COexhibit_2-3.htm
EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - WALGREEN COexhibit_31-1.htm
EX-10.36 - AMENDMENT NUMBER TWO TO THE WALGREEN CO. EXECUTIVE DEFERRED PROFIT-SHARING PLAN - WALGREEN COexhibit_10-36.htm
EX-10.1 - WALGREEN CO. MANAGEMENT INCENTIVE PLAN (AS AMENDED AND RESTATED EFFECTIVE JULY 1, 2014) - WALGREEN COexhibit_10-1.htm
EX-23.2 - CONSENT OF KPMG LLP - WALGREEN COexhibit_23-2.htm
EX-23.3 - CONSENT OF KPMG LLP - WALGREEN COexhibit_23-3.htm
EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - WALGREEN COexhibit_31-2.htm
EX-32.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - WALGREEN COexhibit_32-1.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - WALGREEN COexhibit_23-1.htm
EX-32.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - WALGREEN COexhibit_32-2.htm
EX-10.11 - FORM OF AMENDMENT TO STOCK OPTION AWARD AGREEMENTS - WALGREEN COexhibit_10-11.htm
10-K - WALGREEN COform10k08312014.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - WALGREEN COexhibit_21.htm
                                                                                                                        
 
EXHIBIT 12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Walgreen Co
 
 
 
 
 
 
 
 Computation of Historical Ratios of Earnings to Fixed Charges (a)
 
 
 
 
 
 
 
 (in millions, except ratio data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Twelve Months Ended August 31,
 
 
 
 
 
2014
 
2013
 
2012
 
2011
 
2010
Income before income tax provision
 
 $                     3,557
 
 $                          3,895
 
 $                     3,376
 
 $                     4,294
 
 $                     3,373
Add:
 
 
 
 
 
 
 
 
 
 
 
 
 
Minority Interests
 
                             -
 
                                    5
 
                             -
 
                             -
 
                             -
 
 
Fixed charges
 
                        1,376
 
                             1,383
 
                        1,260
 
                        1,212
 
                        1,100
 
 
Amortization of capitalized interest
 
                               6
 
                                    7
 
                               6
 
                               5
 
                             -
Less:
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity earnings
 
                         (617)
 
                               (344)
 
                             -
 
                             -
 
                             -
 
 
Capitalized interest
 
                             (6)
 
                                   (7)
 
                             (9)
 
                           (10)
 
                           (12)
 
 
Earnings as defined
 
 $                     4,316
 
 $                          4,939
 
 $                     4,633
 
 $                     5,501
 
 $                     4,461
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net of capitalized interest
 
 $                        168
 
 $                             193
 
 $                          94
 
 $                          77
 
 $                          90
Capitalized interest
 
                               6
 
                                    7
 
                               9
 
                             10
 
                             12
Portions of rentals representative of the interest factor
 
                        1,202
 
                             1,183
 
                        1,157
 
                        1,125
 
                           998
 
 
 
Fixed charges as defined
 
 $                     1,376
 
 $                          1,383
 
 $                     1,260
 
 $                     1,212
 
 $                     1,100
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
                          3.14
 
                               3.57
 
                          3.68
 
                          4.54
 
                          4.06
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
 
For the purpose of computing these ratios, "earnings" consist of earnings before income tax provision and before adjustment for income or loss from equity investees, interest, distributed income of equity-method investees, and the portions of rentals representative of the interest factor.  "Fixed charges" consist of interest expense (which includes amortization of capitalized debt issuance costs), capitalized interest and the portions of rentals representative of the interest factor.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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