Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AUTOZONE INC | d242685dex322.htm |
| EX-32.1 - EX-32.1 - AUTOZONE INC | d242685dex321.htm |
| EX-31.2 - EX-31.2 - AUTOZONE INC | d242685dex312.htm |
| EX-31.1 - EX-31.1 - AUTOZONE INC | d242685dex311.htm |
| EX-15.1 - EX-15.1 - AUTOZONE INC | d242685dex151.htm |
| 10-Q - FORM 10-Q - AUTOZONE INC | d242685d10q.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
| Twelve Weeks Ended | ||||||||
| November 19, 2016 |
November 21, 2015 |
|||||||
| Earnings: |
||||||||
| Income before income taxes |
$ | 425,596 | $ | 402,985 | ||||
| Fixed charges |
54,946 | 55,533 | ||||||
| Less: Capitalized interest |
(200 | ) | (165 | ) | ||||
|
|
|
|
|
|||||
| Adjusted earnings |
$ | 480,342 | $ | 458,353 | ||||
|
|
|
|
|
|||||
| Fixed charges: |
||||||||
| Gross interest expense |
$ | 32,118 | $ | 33,859 | ||||
| Amortization of debt origination fees |
1,950 | 1,726 | ||||||
| Interest portion of rent expense |
20,878 | 19,948 | ||||||
|
|
|
|
|
|||||
| Fixed charges |
$ | 54,946 | $ | 55,533 | ||||
|
|
|
|
|
|||||
| Ratio of earnings to fixed charges |
8.7 | 8.3 | ||||||
|
|
|
|
|
|||||
| Fiscal Year Ended August | ||||||||||||||||||||
| 2016 (52 weeks) |
2015 (52 weeks) |
2014 (52 weeks) |
2013 (53 weeks) |
2012 (52 weeks) |
||||||||||||||||
| Earnings: |
||||||||||||||||||||
| Income before income taxes |
$ | 1,912,714 | $ | 1,802,612 | $ | 1,662,714 | $ | 1,587,683 | $ | 1,452,986 | ||||||||||
| Fixed charges |
238,389 | 236,996 | 249,513 | 265,108 | 250,056 | |||||||||||||||
| Less: Capitalized interest |
(909 | ) | (963 | ) | (1,041 | ) | (1,303 | ) | (1,245 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Adjusted earnings |
$ | 2,150,194 | $ | 2,038,645 | $ | 1,911,186 | $ | 1,851,488 | $ | 1,701,797 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Fixed charges: |
||||||||||||||||||||
| Gross interest expense |
$ | 142,981 | $ | 146,777 | $ | 163,544 | $ | 180,085 | $ | 170,481 | ||||||||||
| Amortization of debt origination fees |
7,980 | 6,230 | 6,856 | 8,239 | 8,066 | |||||||||||||||
| Interest portion of rent expense |
87,428 | 83,989 | 79,113 | 76,784 | 71,509 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Fixed charges |
$ | 238,389 | $ | 236,996 | $ | 249,513 | $ | 265,108 | $ | 250,056 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Ratio of earnings to fixed charges |
9.0 | 8.6 | 7.7 | 7.0 | 6.8 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||