Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - Old COPPER Company, Inc. | jcp-0128201710kexhibit322.htm |
EX-32.1 - EXHIBIT 32.1 - Old COPPER Company, Inc. | jcp-0128201710kexhibit321.htm |
EX-31.2 - EXHIBIT 31.2 - Old COPPER Company, Inc. | jcp-0128201710kexhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - Old COPPER Company, Inc. | jcp-0128201710kexhibit311.htm |
EX-24 - EXHIBIT 24 - Old COPPER Company, Inc. | jcp-0128201710kexhibit24.htm |
EX-23 - EXHIBIT 23 - Old COPPER Company, Inc. | jcp-0128201710kexhibit23.htm |
EX-21 - EXHIBIT 21 - Old COPPER Company, Inc. | jcp-0128201710kexhibit21.htm |
EX-10.55 - EXHIBIT 10.55 - Old COPPER Company, Inc. | jcpexhibit1055managementin.htm |
EX-10.16 - EXHIBIT 10.16 - Old COPPER Company, Inc. | jcpexhibit101610-kxsynchro.htm |
10-K - 10-K - Old COPPER Company, Inc. | jcp-0128201710k.htm |
Exhibit 12
J. C. Penney Company, Inc.
Computation of Ratios of Earnings to Fixed Charges
(Unaudited)
52 Weeks | 52 Weeks | 52 Weeks | 52 Weeks | 53 Weeks | |||||||||||||||
Ended | Ended | Ended | Ended | Ended | |||||||||||||||
($ in millions) | 1/28/2017 | 1/30/2016 | 1/31/2015 | 2/1/2014 | 2/2/2013 | ||||||||||||||
Income/(loss) from continuing operations before income taxes | $ | 2 | $ | (504 | ) | $ | (694 | ) | $ | (1,708 | ) | $ | (1,227 | ) | |||||
Fixed charges: | |||||||||||||||||||
Net interest expense | 363 | 405 | 406 | 352 | 226 | ||||||||||||||
Interest income included in net interest | — | — | — | 1 | 6 | ||||||||||||||
Loss on extinguishment of debt, bond premiums and unamortized costs | 30 | 10 | 34 | 114 | — | ||||||||||||||
Estimated interest within rental expense | 93 | 94 | 98 | 99 | 101 | ||||||||||||||
Total fixed charges | 486 | 509 | 538 | 566 | 333 | ||||||||||||||
Total earnings available for fixed charges | $ | 488 | $ | 5 | $ | (156 | ) | $ | (1,142 | ) | $ | (894 | ) | ||||||
Ratio of earnings to fixed charges | 1.0 | — | (0.3 | ) | (2.0 | ) | (2.7 | ) | |||||||||||
Coverage deficiency | NA | 504 | 694 | 1,708 | 1,227 |