ADVANCE AUTO PARTS INC - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - March 3, 2015

Attached files

file	filename
10-K - 10-K 1 3 2014 - ADVANCE AUTO PARTS INC	aap_10kx132015.htm
EX-10.53 - EXHIBIT 10.53 - ADVANCE AUTO PARTS INC	exhibit1053.htm
EX-31.1 - EXHIBIT 31.1 - ADVANCE AUTO PARTS INC	aap_exhibit311x1032015.htm
EX-21.1 - EXHIBIT 21.1 - ADVANCE AUTO PARTS INC	aap_exhibit211x1032015.htm
EX-31.2 - EXHIBIT 31.2 - ADVANCE AUTO PARTS INC	aap_exhibit312x1032015.htm
EX-10.50 - EXHIBIT 10.50 - ADVANCE AUTO PARTS INC	exhibit1050.htm
EX-10.54 - EXHIBIT 10.54 - ADVANCE AUTO PARTS INC	exhibit1054.htm
EX-10.52 - EXHIBIT 10.52 - ADVANCE AUTO PARTS INC	exhibit10521315.htm
EX-10.51 - EXHIBIT 10.51 - ADVANCE AUTO PARTS INC	exhibit10511315.htm
EX-23.1 - EXHIBIT 23.1 - ADVANCE AUTO PARTS INC	aapexhibit231_1032015.htm
EX-32.1 - EXHIBIT 32.1 - ADVANCE AUTO PARTS INC	aap_exhibit321x1032015.htm
EXCEL - IDEA: XBRL DOCUMENT - ADVANCE AUTO PARTS INC	Financial_Report.xls

Exhibit 12.1

Advance Auto Parts, Inc.

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

In Thousands, Except Ratio Data



		Fiscal Year ⁽¹⁾
		2014			2013			2012			2011			2010
Earnings:
Earnings Before Income Taxes		781,394			626,398			624,074			633,236			557,055
Add: Fixed Charges		301,297			195,327			170,426			187,812			177,045
Less: Capitalized Interest		(2,145	)		(2,077	)		(2,064	)		(2,191	)		(854	)
Adjusted Earnings		1,080,546			819,648			792,436			818,857			733,246

Fixed Charges:
Interest Expense ⁽²⁾		75,553			38,694			35,905			33,140			27,715
Portion of rent estimated to represent interest		225,744			156,633			134,521			154,672			149,330
Total Fixed Charges		301,297			195,327			170,426			187,812			177,045

Ratio of Earnings to Fixed Charges		3.6			4.2			4.6			4.4			4.1


⁽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 2014 which consisted of 53 weeks.


⁽²⁾	Including amortization of debt discount and debt issuance costs.