Attached files
file | filename |
---|---|
EX-21 - LIST OF SUBSIDIARIES OF THE COMPANY - HOME DEPOT, INC. | hd-1312016xexx21.htm |
EX-31.2 - CERTIFICATION OF THE CFO - HOME DEPOT, INC. | hd-1312016xexx312.htm |
EX-32.2 - SECTION 906 CERTIFICATION OF THE CFO - HOME DEPOT, INC. | hd-1312016xexx322.htm |
EX-32.1 - SECTION 906 CERTIFICATION OF THE CEO - HOME DEPOT, INC. | hd-1312016xexx321.htm |
10-K - 10-K - HOME DEPOT, INC. | hd-1312016x10xk.htm |
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - HOME DEPOT, INC. | hd-1312016xexx23.htm |
EX-31.1 - CERTIFICATION OF THE CEO - HOME DEPOT, INC. | hd-1312016xexx311.htm |
EX-10.34 - EMPLOYMENT ARRANGEMENT BETWEEN MARC D. POWERS AND THE HOME DEPOT, INC. - HOME DEPOT, INC. | hd-1312016xexx1034.htm |
EX-10.35 - SEPARATION AGREEMENT & RELEASE BETWEEN MARC D. POWERS AND THE HOME DEPOT, INC. - HOME DEPOT, INC. | hd-1312016xexx1035.htm |
Exhibit 12
THE HOME DEPOT, INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions, except ratio data)
Fiscal Year (1) | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings Before Provision for Income Taxes | $ | 11,021 | $ | 9,976 | $ | 8,467 | $ | 7,221 | $ | 6,068 | |||||||||
Less: Capitalized Interest | (2 | ) | (2 | ) | (2 | ) | (3 | ) | (3 | ) | |||||||||
Add: | |||||||||||||||||||
Portion of Rental Expense under operating leases deemed to be the equivalent of interest | 312 | 312 | 308 | 298 | 280 | ||||||||||||||
Interest Expense | 921 | 832 | 713 | 635 | 609 | ||||||||||||||
Adjusted Earnings | $ | 12,252 | $ | 11,118 | $ | 9,486 | $ | 8,151 | $ | 6,954 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest Expense | $ | 921 | $ | 832 | $ | 713 | $ | 635 | $ | 609 | |||||||||
Portion of Rental Expense under operating leases deemed to be the equivalent of interest | 312 | 312 | 308 | 298 | 280 | ||||||||||||||
Total Fixed Charges | $ | 1,233 | $ | 1,144 | $ | 1,021 | $ | 933 | $ | 889 | |||||||||
Ratio of Earnings to Fixed Charges(2) | 9.9x | 9.7x | 9.3x | 8.7x | 7.8x |
(1) | Fiscal years 2015, 2014, 2013, 2012 and 2011 refer to the fiscal years ended January 31, 2016, February 1, 2015, February 2, 2014, February 3, 2013 and January 29, 2012, respectively. Fiscal year 2012 includes 53 weeks; all other fiscal years reported include 52 weeks. |
(2) | For purposes of computing the ratios of earnings to fixed charges, “earnings” consist of earnings before provision for income taxes plus fixed charges, excluding capitalized interest. “Fixed charges” consist of interest incurred on indebtedness including capitalized interest, amortization of debt expenses and the portion of rental expense under operating leases deemed to be the equivalent of interest. The ratios of earnings to fixed charges are calculated as follows: |
(earnings before provision for income taxes) + (fixed charges) - (capitalized interest)
(fixed charges)