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EXCEL - IDEA: XBRL DOCUMENT - AUTOZONE INCFinancial_Report.xls
10-Q - FORM 10-Q - AUTOZONE INCc02360e10vq.htm
EX-15.1 - EXHIBIT 15.1 - AUTOZONE INCc02360exv15w1.htm
EX-31.1 - EXHIBIT 31.1 - AUTOZONE INCc02360exv31w1.htm
EX-32.1 - EXHIBIT 32.1 - AUTOZONE INCc02360exv32w1.htm
EX-31.2 - EXHIBIT 31.2 - AUTOZONE INCc02360exv31w2.htm
EX-32.2 - EXHIBIT 32.2 - AUTOZONE INCc02360exv32w2.htm
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
                 
    Thirty-Six Weeks Ended  
    May 8,     May 9,  
    2010     2009  
Earnings:
               
Income before income taxes
  $ 737,192     $ 663,912  
Fixed charges
    153,812       136,702  
Less: Capitalized interest
    (757 )     (732 )
 
           
Adjusted earnings
  $ 890,247     $ 799,882  
 
           
 
               
Fixed charges:
               
Gross interest expense
  $ 107,677     $ 96,424  
Amortization of debt expense
    4,505       1,861  
Interest portion of rent expense
    41,630       38,417  
 
           
Total fixed charges
  $ 153,812     $ 136,702  
 
           
Ratio of earnings to fixed charges
    5.8       5.9  
 
           
                                         
    Fiscal Year Ended August  
    2009     2008     2007     2006     2005  
    (52 weeks)     (53 weeks)     (52 weeks)     (52 weeks)     (52 weeks)  
Earnings:
                                       
Income before income taxes
  $ 1,033,746     $ 1,007,389     $ 936,150     $ 902,036     $ 873,221  
Fixed charges
    204,017       173,311       170,852       156,976       144,930  
Less: Capitalized interest
    (1,301 )     (1,313 )     (1,376 )     (1,985 )     (1,079 )
 
                             
Adjusted earnings
  $ 1,236,462     $ 1,179,387     $ 1,105,626     $ 1,057,027     $ 1,017,072  
 
                             
 
                                       
Fixed charges:
                                       
Gross interest expense
  $ 143,860     $ 120,006     $ 121,592     $ 110,568     $ 102,341  
Amortization of debt expense
    3,644       1,837       1,719       1,559       2,343  
Interest portion of rent expense
    56,513       51,468       47,541       44,849       40,246  
 
                             
Total fixed charges
  $ 204,017     $ 173,311     $ 170,852     $ 156,976     $ 144,930  
 
                             
Ratio of earnings to fixed charges
    6.1       6.8       6.5       6.7       7.0