Attached files
file | filename |
---|---|
10-Q - 10-Q - FOOT LOCKER, INC. | fl-20160430x10q.htm |
EX-99 - EX-99 - FOOT LOCKER, INC. | fl-20160430xex99.htm |
EX-32 - EX-32 - FOOT LOCKER, INC. | fl-20160430xex32.htm |
EX-31.2 - EX-31.2 - FOOT LOCKER, INC. | fl-20160430xex31_2.htm |
EX-31.1 - EX-31.1 - FOOT LOCKER, INC. | fl-20160430xex31_1.htm |
EX-15 - EX-15 - FOOT LOCKER, INC. | fl-20160430xex15.htm |
Exhibit 12
FOOT LOCKER, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
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Thirteen weeks ended |
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Fiscal Year Ended |
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April 30, |
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May 2, |
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Jan. 30, |
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Jan. 31, |
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Feb. 1, |
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Feb. 2, |
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Jan. 28, |
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2016 |
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2015 |
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2016 |
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2015 |
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2014 |
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2013 |
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2012 |
NET EARNINGS |
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Net income |
$ |
191 |
$ |
184 |
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$ |
541 |
$ |
520 |
$ |
429 |
$ |
397 |
$ |
278 |
Income tax expense |
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107 |
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106 |
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296 |
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289 |
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234 |
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210 |
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157 |
Interest expense, excluding capitalized interest |
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3 |
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3 |
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11 |
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11 |
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11 |
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11 |
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13 |
Portion of rents deemed representative of the interest factor (1/3) |
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63 |
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62 |
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252 |
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249 |
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236 |
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222 |
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218 |
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$ |
364 |
$ |
355 |
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$ |
1,100 |
$ |
1,069 |
$ |
910 |
$ |
840 |
$ |
666 |
FIXED CHARGES |
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Gross interest expense |
$ |
3 |
$ |
3 |
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$ |
11 |
$ |
11 |
$ |
11 |
$ |
11 |
$ |
13 |
Portion of rents deemed representative of the interest factor (1/3) |
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63 |
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62 |
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252 |
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249 |
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236 |
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222 |
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218 |
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$ |
66 |
$ |
65 |
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$ |
263 |
$ |
260 |
$ |
247 |
$ |
233 |
$ |
231 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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5.5 |
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5.5 |
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4.2 |
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4.1 |
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3.7 |
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3.6 |
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2.9 |
1