Attached files
file | filename |
---|---|
EX-10.43 - LETTER FROM REGISTRANT TO LEENA MUNJAL - SEARS HOLDINGS CORP | shldex1043201510k.htm |
EX-10.36 - FORM OF CASH RIGHT - SEARS HOLDINGS CORP | shldex1036201510k.htm |
10-K - 10-K - SEARS HOLDINGS CORP | shld201510k.htm |
EX-21 - SUBSIDIARIES OF REGISTRANT - SEARS HOLDINGS CORP | shldex21201510k.htm |
EX-23 - CONSENT OF DELOITTE & TOUCHE LLP - SEARS HOLDINGS CORP | shldex23201510k.htm |
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - SEARS HOLDINGS CORP | shldex321201510k.htm |
EX-31.1 - SECTION 302 CERTIFICATIONS OF CEO - SEARS HOLDINGS CORP | shldex311201510k.htm |
EX-31.2 - SECTION 302 CERTIFICATIONS OF CFO - SEARS HOLDINGS CORP | shldex312201510k.htm |
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - SEARS HOLDINGS CORP | shldex322201510k.htm |
EX-10.42 - LETTER FROM REGISTRANT TO GIRISH LAKSHMAN - SEARS HOLDINGS CORP | shldex1042201510k.htm |
Exhibit 12
COMPUTATION OF RATIO OF INCOME TO COMBINED FIXED CHARGES
SEARS HOLDINGS CORPORATION AND CONSOLIDATED SUBSIDIARIES
Year Ended | ||||||||||||||||||||
(millions, except ratios) | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Fixed Charges | ||||||||||||||||||||
Interest and amortization of debt discount and expense on all indebtedness | $289 | $276 | $214 | $216 | $225 | |||||||||||||||
Add interest element implicit in rentals | 240 | 241 | 259 | 280 | 285 | |||||||||||||||
529 | 517 | 473 | 496 | 510 | ||||||||||||||||
Interest capitalized | 2 | 2 | 2 | 1 | 1 | |||||||||||||||
Total fixed charges | $531 | $519 | $475 | $497 | $511 | |||||||||||||||
Income | ||||||||||||||||||||
Income before income taxes, noncontrolling interest, and extraordinary loss | ($1,385 | ) | ($1,685 | ) | ($972 | ) | ($1,010 | ) | ($1,751 | ) | ||||||||||
Deduct undistributed net income of unconsolidated companies | — | 37 | 185 | 47 | 27 | |||||||||||||||
(1,385 | ) | (1,722 | ) | (1,157 | ) | (1,057 | ) | (1,778 | ) | |||||||||||
Add | ||||||||||||||||||||
Fixed charges (excluding interest capitalized) | 529 | 517 | 473 | 496 | 510 | |||||||||||||||
Income before fixed charges and income taxes | ($856 | ) | ($1,205 | ) | ($684 | ) | ($561 | ) | ($1,268 | ) | ||||||||||
Ratio of income to fixed charges | (1.61 | ) | (2.32 | ) | (1.44 | ) | (1.13 | ) | (2.48 | ) |