Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Old COPPER Company, Inc. | jcp-04302016x10q.htm |
| EX-32.2 - EXHIBIT 32.2 - Old COPPER Company, Inc. | jcp-0430201610qexhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - Old COPPER Company, Inc. | jcp-0430201610qexhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - Old COPPER Company, Inc. | jcp-0430201610qexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Old COPPER Company, Inc. | jcp-0430201610qexhibit311.htm |
| EX-10.1 - EXHIBIT 10.1 - Old COPPER Company, Inc. | jcp-0430201610qexhibit101.htm |
Exhibit 12
J. C. Penney Company, Inc.
Computation of Ratios of Earnings to Fixed Charges
(Unaudited)
13 Weeks | 13 Weeks | 52 Weeks | 52 Weeks | 52 Weeks | 53 Weeks | 52 Weeks | |||||||||||||||||||||
Ended | Ended | Ended | Ended | Ended | Ended | Ended | |||||||||||||||||||||
($ in millions) | 4/30/2016 | 5/2/2015 | 1/30/2016 | 1/31/2015 | 2/1/2014 | 2/2/2013 | 1/28/2012 | ||||||||||||||||||||
Income/(loss) from continuing operations before income taxes | $ | (69 | ) | $ | (144 | ) | $ | (504 | ) | $ | (694 | ) | $ | (1,708 | ) | $ | (1,227 | ) | $ | (428 | ) | ||||||
Fixed charges: | |||||||||||||||||||||||||||
Net interest expense | 95 | 98 | 405 | 406 | 352 | 226 | 227 | ||||||||||||||||||||
Interest income included in net interest | — | — | — | — | 1 | 6 | 8 | ||||||||||||||||||||
(Gain)/loss on extinguishment of debt, bond premiums and unamortized costs | (4 | ) | — | 10 | 34 | 114 | — | — | |||||||||||||||||||
Estimated interest within rental expense | 22 | 24 | 94 | 98 | 99 | 101 | 104 | ||||||||||||||||||||
Total fixed charges | 113 | 122 | 509 | 538 | 566 | 333 | 339 | ||||||||||||||||||||
Total earnings available for fixed charges | $ | 44 | $ | (22 | ) | $ | 5 | $ | (156 | ) | $ | (1,142 | ) | $ | (894 | ) | $ | (89 | ) | ||||||||
Ratio of earnings to fixed charges | 0.4 | (0.2 | ) | — | (0.3 | ) | (2.0 | ) | (2.7 | ) | (0.3 | ) | |||||||||||||||
Coverage deficiency | N/A | 144 | 504 | 694 | 1,708 | 1,227 | 428 | ||||||||||||||||||||