TOYS R US INC - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - April 12, 2017

Attached files

file filename
EX-32.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 906 - TOYS R US INCtru201610k-ex322.htm
EX-32.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - TOYS R US INCtru201610k-ex321.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO RULE 13A-14(A) AND RULE 15D-14(A) - TOYS R US INCtru201610k-ex312.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO RULE 13A-14(A) AND RULE 15D-14(A) - TOYS R US INCtru201610k-ex311.htm
EX-24 - POWER OF ATTORNEY - TOYS R US INCtru201610k-ex24.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT AS OF JANUARY 28, 2017 - TOYS R US INCtru201610k-ex21.htm
EX-10.71 - SEPARATION AGREEMENT BETWEEN TOYS "R" US GMBH AND DR. WOLFGANG LINK - TOYS R US INCtru201610k-ex1071.htm
EX-10.70 - EMPLOYMENT AGREEMENT BETWEEN TOYS R US, INC. AND DR. WOLFGANG LINK - TOYS R US INCtru201610k-ex1070.htm
EX-10.69 - EMPLOYMENT AGREEMENT BETWEEN TOYS "R" US, INC. AND JOSEPH VENEZIA - TOYS R US INCtru201610k-ex1069.htm
EX-10.68 - AMENDMENT TO ANDRE JAVES EMPLOYMENT AGREEMENT - TOYS R US INCtru201610k-ex1068.htm
EX-10.67 - LETTER AGREEMENT BETWEEN TOYS "R" US, INC. AND ANDRE JAVES - TOYS R US INCtru201610k-ex1067.htm
EX-10.66 - EMPLOYMENT AGREEMENT BETWEEN TOYS "R" US (AUSTRALIA) PTY LTD AND ANDRE JAVES - TOYS R US INCtru201610k-ex1066.htm
EX-10.65 - EMPLOYMENT AGREEMENT BETWEEN TOYS "R" US, INC. AND LANCE WILLS - TOYS R US INCtru201610k-ex1065.htm
10-K - FORM 10-K - TOYS R US INCtru201610k.htm
Exhibit 12


Toys “R” Us, Inc.
Computation of Ratio of Earnings to Fixed Charges (a) 
(In Millions, Except Ratio Data)

 
 
Fiscal Years Ended
($ In millions)
 
January 28, 2017
January 30, 2016
January 31, 2015
February 1, 2014
February 2, 2013
Consolidated pretax earnings (loss) from continuing operations
 
5

(48
)
(256
)
$
(867
)
$
92

Noncontrolling interest
 
7

6

4

3

1

Interest capitalized during period
 
—

—

—

—

(1
)
Total fixed charges
 
616

595

631

714

716

Adjusted earnings (loss) from continuing operations
 
$
628

$
553

$
379

$
(150
)
$
808

 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
Interest expense
 
457

429

451

$
524

$
480

Interest capitalized during period
 
—

—

—

—

1

Interest portion of rental expense
 
159

166

180

190

235

Total Fixed Charges
 
$
616

$
595

$
631

$
714

$
716

Ratio of Earnings to Fixed Charges
 
1.02

0.93

0.60

(0.21
)
1.13

(a) For purposes of calculating the ratio of earnings to fixed charges, earnings (loss) were calculated by adding (i) earnings (loss) from continuing operations before noncontrolling interest and income taxes, (ii) interest expense, including the portion of rents representative of an interest factor and (iii) amortization of debt issuance costs. Fixed charges consist of interest expense, amortization of debt issuance costs and the portions of rents representative of an interest factor.

Rent expense, net of sublease income
 
$
524

$
546

$
601

$
609

$
628

Capitalization factor
 
3.8

3.7

3.7

4.4

4.6

Weighted average cost of long-term debt
 
8.0
%
8.2
%
8.1
%
7.1
%
8.1
%
Interest in rent expense
 
$
159

$
166

$
180

$
190

$
235

% of interest to rent expense
 
30
%
30
%
30
%
31
%
37
%



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