Attached files
file | filename |
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EX-32.2 - EX-32.2 - AUTOZONE INC | d539303dex322.htm |
EX-32.1 - EX-32.1 - AUTOZONE INC | d539303dex321.htm |
EX-31.2 - EX-31.2 - AUTOZONE INC | d539303dex312.htm |
EX-31.1 - EX-31.1 - AUTOZONE INC | d539303dex311.htm |
EX-15.1 - EX-15.1 - AUTOZONE INC | d539303dex151.htm |
10-Q - FORM 10-Q - AUTOZONE INC | d539303d10q.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
Twenty-Four Weeks Ended | ||||||||||
February 10, 2018 |
February 11, 2017 | |||||||||
Earnings: |
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Income before income taxes |
$ | 595,623 | $ | 775,367 | ||||||
Asset Impairments |
193,162 | | ||||||||
Fixed charges |
125,407 | 111,552 | ||||||||
Less: Capitalized interest |
(630 | ) | (445 | ) | ||||||
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Adjusted earnings |
$ | 913,562 | $ | 886,474 | ||||||
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Fixed charges: |
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Gross interest expense |
$ | 76,997 | $ | 65,257 | ||||||
Amortization of debt origination fees |
3,927 | 3,948 | ||||||||
Interest portion of rent expense |
44,483 | 42,347 | ||||||||
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Fixed charges |
$ | 125,407 | $ | 111,552 | ||||||
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Ratio of earnings to fixed charges |
7.3 | 7.9 | ||||||||
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2017 (52 weeks) |
2016 (52 weeks) |
2015 (52 weeks) |
2014 (52 weeks) |
2013 (53 weeks) | |||||||||||||||||||||
Earnings: |
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Income before income taxes |
$ | 1,925,489 | $ | 1,912,714 | $ | 1,802,612 | $ | 1,662,714 | $ | 1,587,683 | |||||||||||||||
Fixed charges |
253,751 | 238,389 | 236,996 | 249,513 | 265,108 | ||||||||||||||||||||
Less: Capitalized interest |
(1,247 | ) | (909 | ) | (963 | ) | (1,041 | ) | (1,303 | ) | |||||||||||||||
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Adjusted earnings |
$ | 2,177,993 | $ | 2,150,194 | $ | 2,038,645 | $ | 1,911,186 | $ | 1,851,488 | |||||||||||||||
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Fixed charges: |
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Gross interest expense |
$ | 150,960 | $ | 142,981 | $ | 146,777 | $ | 163,544 | $ | 180,085 | |||||||||||||||
Amortization of debt origination fees |
8,369 | 7,980 | 6,230 | 6,856 | 8,239 | ||||||||||||||||||||
Interest portion of rent expense |
94,422 | 87,428 | 83,989 | 79,113 | 76,784 | ||||||||||||||||||||
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Fixed charges |
$ | 253,751 | $ | 238,389 | $ | 236,996 | $ | 249,513 | $ | 265,108 | |||||||||||||||
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Ratio of earnings to fixed charges |
8.6 | 9.0 | 8.6 | 7.7 | 7.0 | ||||||||||||||||||||
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