Attached files
file | filename |
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EX-10.12 - AGREEMENT - DARDEN RESTAURANTS INC | ex1012q1fy16.htm |
EX-10.11 - AGREEMENT - DARDEN RESTAURANTS INC | ex1011q1fy16.htm |
EX-10.14 - AGREEMENT - DARDEN RESTAURANTS INC | ex1014q1fy16.htm |
EX-10.15 - AGREEMENT - DARDEN RESTAURANTS INC | ex1015q1fy16.htm |
EX-10.18 - AGREEMENT - DARDEN RESTAURANTS INC | ex1018q1fy16.htm |
EX-31.B - SECTION 302 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex31bq1fy16.htm |
10-Q - FORM 10-Q - DARDEN RESTAURANTS INC | q1fy1610-q.htm |
EX-31.A - SECTION 302 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex31aq1fy16.htm |
EX-32.B - SECTION 906 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex32bq1fy16.htm |
EX-32.A - SECTION 906 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex32aq1fy16.htm |
EX-10.13 - AGREEMENT - DARDEN RESTAURANTS INC | ex1013q1fy16.htm |
EX-10.16 - AGREEMENT - DARDEN RESTAURANTS INC | ex1016q1fy16.htm |
EX-10.17 - AGREEMENT - DARDEN RESTAURANTS INC | ex1017q1fy16.htm |
EXHIBIT 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
Three Months Ended | |||||||
August 30, 2015 | August 24, 2014 | ||||||
Consolidated earnings from continuing operations before income taxes | $ | 111.8 | $ | (43.7 | ) | ||
Plus fixed charges: | |||||||
Gross interest expense (1) | 23.0 | 111.5 | |||||
40% of restaurant and equipment minimum rent expense | 17.4 | 15.7 | |||||
Total fixed charges | 40.4 | 127.2 | |||||
Less capitalized interest | (0.2 | ) | (0.1 | ) | |||
Consolidated earnings from continuing operations before income taxes available to cover fixed charges | $ | 152.0 | $ | 83.4 | |||
Ratio of consolidated earnings from continuing operations to fixed charges | 3.8 | 0.7 |
(1) Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits