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EX-10.1 - EXHIBIT 10.1 - Walgreens Boots Alliance, Inc.ex10_1.htm
EX-32.2 - EXHIBIT 32.2 - Walgreens Boots Alliance, Inc.ex32_2.htm
EX-32.1 - EXHIBIT 32.1 - Walgreens Boots Alliance, Inc.ex32_1.htm
EX-31.2 - EXHIBIT 31.2 - Walgreens Boots Alliance, Inc.ex31_2.htm
EX-31.1 - EXHIBIT 31.1 - Walgreens Boots Alliance, Inc.ex31_1.htm
10-Q - WALGREENS BOOTS ALLIANCE INC 10-Q 5-31-2015 - Walgreens Boots Alliance, Inc.form10q.htm

Exhibit 12
 
Walgreens Boots Alliance, Inc.
Computation of Historical Ratios of Earnings to Fixed Charges (a)
(in millions, except ratio data)
 
    Nine Months Ended,     Twelve Months Ended August 31,  
    May 31, 2015     2014     2013     2012     2011     2010  
Income before income tax provision
 
$
5,352
   
$
3,557
   
$
4,047
   
$
3,376
   
$
4,294
   
$
3,373
 
Add:
 
Minority Interests
   
-
      -      
5
     
-
     
-
     
-
 
Fixed charges
   
1,412
     
1,376
     
1,383
     
1,260
     
1,212
     
1,100
 
Amortization of capitalized interest
   
1
     
6
     
7
     
6
     
5
      -  
Less:
 
Equity earnings
   
(315
)    
(617
)    
(496
)    
-
      -      
-
 
Capitalized interest
   
(1
)    
(6
)    
(7
)    
(9
)    
(10
)    
(12
)
Earnings as defined
 
$
6,449
   
$
4,316
   
$
4,939
   
$
4,633
   
$
5,501
   
$
4,461
 
 
Interest expense, net of capitalized interest
 
$
371
   
$
168
   
$
193
   
$
94
   
$
77
   
$
90
 
Capitalized interest
   
1
     
6
     
7
     
9
     
10
     
12
 
Portions of rentals representative or the interest factor
   
1,040
     
1,202
     
1,183
     
1,157
     
1,125
     
998
 
Fixed charges as defined
 
$
1,412
   
$
1,376
   
$
1,383
   
$
1,260
   
$
1,212
   
$
1,100
 
 
Ratio of earnings to fixed charges
   
4.57
     
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
 
Walgreens Boots Alliance, Inc. is the successor of Walgreen Co. See Note 1 of the consolidated financial statements for further information