Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - US FOODS, INC. | d852911dex322.htm |
| EX-21.1 - EX-21.1 - US FOODS, INC. | d852911dex211.htm |
| EX-31.2 - EX-31.2 - US FOODS, INC. | d852911dex312.htm |
| EX-32.1 - EX-32.1 - US FOODS, INC. | d852911dex321.htm |
| EX-14.1 - EX-14.1 - US FOODS, INC. | d852911dex141.htm |
| EX-31.1 - EX-31.1 - US FOODS, INC. | d852911dex311.htm |
| EX-10.51 - EX-10.51 - US FOODS, INC. | d852911dex1051.htm |
| EXCEL - IDEA: XBRL DOCUMENT - US FOODS, INC. | Financial_Report.xls |
| 10-K - FORM 10-K - US FOODS, INC. | d852911d10k.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Our consolidated ratios of earnings to fixed charges for each of the periods indicated are as follows:
| Year Ended December 27, 2014 |
Year Ended December 28, 2013 |
Year Ended December 29, 2012 |
Year Ended December 31, 2011 |
Year Ended January 1, 2011 |
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| (in millions) | ||||||||||||||||||||
| Earnings(1) |
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| Income (loss) from continuing operations before income taxes |
$ | (36.9 | ) | $ | (27.4 | ) | $ | (8.7 | ) | $ | (144.2 | ) | $ | 2.6 | ||||||
| Interest capitalized during the period |
2.1 | (1.9 | ) | (1.5 | ) | (3.2 | ) | (2.1 | ) | |||||||||||
| Total fixed charges |
301.7 | 322.8 | 330.1 | 328.7 | 362.5 | |||||||||||||||
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| Adjusted earnings |
$ | 266.9 | $ | 293.5 | $ | 319.9 | $ | 181.3 | $ | 363.0 | ||||||||||
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| Fixed Charges |
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| Interest expense |
$ | 289.2 | $ | 306.1 | $ | 311.8 | $ | 307.6 | $ | 341.7 | ||||||||||
| Interest capitalized during the period |
(2.1 | ) | 1.9 | 1.5 | 3.2 | 2.1 | ||||||||||||||
| Interest portion of rent expense |
14.6 | 14.8 | 16.8 | 17.9 | 18.7 | |||||||||||||||
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| Total Fixed Charges |
$ | 301.7 | $ | 322.8 | $ | 330.1 | $ | 328.7 | $ | 362.5 | ||||||||||
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| Ratio of earnings to fixed charges |
N/A | N/A | N/A | N/A | 1.0 | |||||||||||||||
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| Coverage deficiency |
$ | 34.8 | $ | 29.3 | $ | 10.2 | $ | 147.4 | — | |||||||||||
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| Rent expense, net of sublease income |
$ | 43.9 | $ | 44.3 | $ | 50.4 | $ | 53.7 | $ | 56.1 | ||||||||||
| Interest factor |
33 | % | 33 | % | 33 | % | 33 | % | 33 | % | ||||||||||
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| Interest in rent expense |
$ | 14.6 | $ | 14.8 | $ | 16.8 | $ | 17.9 | $ | 18.7 | ||||||||||
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| (1) | In computing the ratio of earnings to fixed charges: (a) earnings consist of income (loss) before income taxes and fixed charges (exclusive of interest capitalized) and (b) fixed charges consist of interest expense (including amounts capitalized)and the estimated interest portion of rents. |