Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Walgreens Boots Alliance, Inc. | a53118exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - Walgreens Boots Alliance, Inc. | a53118exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - Walgreens Boots Alliance, Inc. | a53118exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Walgreens Boots Alliance, Inc. | a53118exhibit311.htm |
| 10-Q - 10-Q - Walgreens Boots Alliance, Inc. | wba-2018531x10q.htm |
Exhibit 12
Walgreens Boots Alliance, Inc.
Computation of Historical Ratios of Earnings to Fixed Charges (a)
(in millions, except ratio data)
Nine months ended | Twelve Months Ended, | ||||||||||||||||||||||
May 31, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
Income before income tax provision | $ | 4,314 | $ | 4,853 | $ | 5,144 | $ | 5,311 | $ | 3,557 | $ | 4,047 | |||||||||||
Add: | |||||||||||||||||||||||
Minority Interests | — | — | — | — | — | 5 | |||||||||||||||||
Fixed Charges | 1,653 | 2,379 | 2,367 | 2,054 | 1,376 | 1,383 | |||||||||||||||||
Amortization of capitalized interest | — | — | — | 1 | 6 | 7 | |||||||||||||||||
Less: | |||||||||||||||||||||||
Equity earnings | (78 | ) | (61 | ) | (37 | ) | (315 | ) | (617 | ) | (496 | ) | |||||||||||
Capitalized interest | — | — | — | (1 | ) | (6 | ) | (7 | ) | ||||||||||||||
Earnings as defined | $ | 5,889 | $ | 7,171 | $ | 7,474 | $ | 7,050 | $ | 4,316 | $ | 4,939 | |||||||||||
Interest expense, net of capitalized interest | $ | 463 | $ | 728 | $ | 628 | $ | 632 | $ | 168 | $ | 193 | |||||||||||
Capitalized interest | — | — | — | 1 | 6 | 7 | |||||||||||||||||
Portions of rentals representative of the interest factor | 1,190 | 1,651 | 1,739 | 1,421 | 1,202 | 1,183 | |||||||||||||||||
Fixed charges as defined | $ | 1,653 | $ | 2,379 | $ | 2,367 | $ | 2,054 | $ | 1,376 | $ | 1,383 | |||||||||||
Ratio of earnings to fixed charges | 3.56 | 3.01 | 3.16 | 3.43 | 3.14 | 3.57 | |||||||||||||||||
(a) For the purpose of computing these ratios, "earnings" consist of earnings before income tax provision and before adjustment for income or loss from equity investees, interest, distributed income of equity-method investees, and the portions of rentals representative of the interest factor. "Fixed charges" consist of interest expense (which includes amortization of capitalized debt issuance costs), capitalized interest and the portions of rentals representative of the interest factor.
On December 31, 2014, Walgreens Boots Alliance became the successor of Walgreen Co. pursuant to a merger designed to effect a reorganization of Walgreen Co. into a holding company structure. See note 1 to Walgreens Boots Alliance’s Annual Report on Form 10-K for the fiscal year ended August 31, 2017 for additional information.