Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - SYSCO CORP | exhibit322cfocertsec906-q3.htm |
| EX-32.1 - EXHIBIT 32.1 - SYSCO CORP | exhibit321ceocertsec906-q3.htm |
| EX-31.2 - EXHIBIT 31.2 - SYSCO CORP | exhibit312cfocertsec302-q3.htm |
| EX-31.1 - EXHIBIT 31.1 - SYSCO CORP | exhibit311ceocertsec302-q3.htm |
| 10-Q - 10-Q - SYSCO CORP | syy2018q310-q.htm |
Exhibit 12.1 | ||||||||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||||||
39-Week Period Ended | Fiscal Year | |||||||||||||||||||||||
(dollars in thousands) | March 31, 2018 | July 1, 2017 | July 2, 2016 (2) | June 27, 2015 | June 28, 2014 | June 29, 2013 | ||||||||||||||||||
Earnings before income taxes | $ | 1,363,068 | $ | 1,766,230 | $ | 1,433,007 | $ | 1,008,147 | $ | 1,475,624 | $ | 1,547,455 | ||||||||||||
Add: Fixed charges | 338,957 | 348,619 | 339,358 | 281,756 | 147,922 | 153,840 | ||||||||||||||||||
Subtract: Capitalized interest | 1,793 | 2,038 | 2,032 | 866 | 1,097 | 4,242 | ||||||||||||||||||
Total | $ | 1,700,232 | $ | 2,112,811 | $ | 1,770,333 | $ | 1,289,037 | $ | 1,622,449 | $ | 1,697,053 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 303,015 | (3) | $ | 302,878 | $ | 306,146 | (4) | $ | 254,807 | $ | 123,741 | $ | 128,495 | ||||||||||
Capitalized interest | 1,793 | 2,038 | 2,032 | 866 | 1,097 | 4,242 | ||||||||||||||||||
Rent expense interest factor | 34,149 | 43,703 | 31,180 | 26,083 | 23,084 | 21,103 | ||||||||||||||||||
Total | $ | 338,957 | $ | 348,619 | $ | 339,358 | $ | 281,756 | $ | 147,922 | $ | 153,840 | ||||||||||||
Ratio of earnings to fixed charges (1) | 5.0 | 6.1 | 5.2 | 4.6 | 11.0 | 11.0 | ||||||||||||||||||
(1) For the purpose of calculating this ratio, “earnings” consist of earnings before income taxes and fixed charges (exclusive of interest capitalized). “Fixed charges” consist of interest expense, capitalized interest and the estimated interest portion of rents. | ||||||||||||||||||||||||
(2) The fiscal year ended July 2, 2016 was a 53-week year. | ||||||||||||||||||||||||
(3) The interest expense included within fixed charges in fiscal 2018 includes $53.1 million related to loss on extinguishment of debt. | ||||||||||||||||||||||||
(4) The interest expense included within fixed charges in fiscal 2016 includes $86.5 million related to loss on extinguishment of debt. | ||||||||||||||||||||||||