Attached files
| file | filename |
|---|---|
| 10-K - 10-K - RALPH LAUREN CORP | rl-20170401x10k.htm |
| EX-32.2 - EXHIBIT 32.2 - RALPH LAUREN CORP | rl-20170401x10kex322.htm |
| EX-32.1 - EXHIBIT 32.1 - RALPH LAUREN CORP | rl-20170401x10kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - RALPH LAUREN CORP | rl-20170401x10kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - RALPH LAUREN CORP | rl-20170401x10kex311.htm |
| EX-23.1 - EXHIBIT 23.1 - RALPH LAUREN CORP | rl-20170401x10kex231.htm |
| EX-21.1 - EXHIBIT 21.1 - RALPH LAUREN CORP | rl-20170401x10kex211.htm |
EXHIBIT 12.1
RALPH LAUREN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Years Ended(a) | ||||||||||||||||||||
April 1, 2017 | April 2, 2016 | March 28, 2015 | March 29, 2014 | March 30, 2013 | ||||||||||||||||
(millions) | ||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||
Income (loss) before income taxes | $ | (104.9 | ) | $ | 551.8 | $ | 987.4 | $ | 1,095.8 | $ | 1,089.3 | |||||||||
Add: | ||||||||||||||||||||
Equity in losses of equity-method investees | 5.2 | 10.9 | 11.5 | 9.4 | 9.5 | |||||||||||||||
Fixed charges | 165.9 | 178.4 | 172.0 | 170.2 | 162.3 | |||||||||||||||
Subtract: | ||||||||||||||||||||
Income attributable to noncontrolling interests | — | — | — | — | 0.7 | |||||||||||||||
Earnings available to cover fixed charges | $ | 66.2 | $ | 741.1 | $ | 1,170.9 | $ | 1,275.4 | $ | 1,260.4 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 12.4 | $ | 21.0 | $ | 16.7 | $ | 18.7 | $ | 19.1 | ||||||||||
Interest component of rent expense | 153.5 | 157.4 | 155.3 | 151.5 | 143.2 | |||||||||||||||
Total fixed charges | $ | 165.9 | $ | 178.4 | $ | 172.0 | $ | 170.2 | $ | 162.3 | ||||||||||
Ratio of earnings to fixed charges(b) | 0.4 | 4.2 | 6.8 | 7.5 | 7.8 | |||||||||||||||
(a) | Fiscal 2016 consisted of 53 weeks. All other fiscal years presented consisted of 52 weeks. |
(b) | All ratios shown in the above table have been calculated using unrounded numbers. |