Attached files
| file | filename |
|---|---|
| EX-21 - EX-21 - LEVI STRAUSS & CO | f58032exv21.htm |
| EX-32 - EX-32 - LEVI STRAUSS & CO | f58032exv32.htm |
| EX-31.2 - EX-31.2 - LEVI STRAUSS & CO | f58032exv31w2.htm |
| EX-31.1 - EX-31.1 - LEVI STRAUSS & CO | f58032exv31w1.htm |
| 10-K - FORM 10-K - LEVI STRAUSS & CO | f58032e10vk.htm |
Exhibit
12
LEVI
STRAUSS & CO. AND SUBSIDIARIES
Statements
re: Computation of Ratio of Earnings to Fixed Charges
| Year Ended | ||||||||||||||||||||
|
November 28, |
November 29, |
November 30, |
November 25, |
November 26, |
||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||
|
Earnings:
|
||||||||||||||||||||
|
Income before income taxes
|
$ | 235,598 | $ | 189,925 | $ | 369,266 | $ | 376,535 | $ | 346,880 | ||||||||||
|
Add: Fixed charges
|
190,425 | 199,358 | 197,385 | 253,606 | 281,758 | |||||||||||||||
|
Add: Amortization of capitalized interest
|
152 | 309 | 264 | 65 | 60 | |||||||||||||||
|
Subtract: Capitalized interest
|
881 | 39 | 568 | 1,051 | 524 | |||||||||||||||
|
Total earnings
|
$ | 425,294 | $ | 389,553 | $ | 566,347 | $ | 629,155 | $ | 628,174 | ||||||||||
|
Fixed Charges:
|
||||||||||||||||||||
|
Interest expense (includes amortization of debt discount and
costs)
|
$ | 135,823 | $ | 148,718 | $ | 154,086 | $ | 215,715 | $ | 250,637 | ||||||||||
|
Capitalized interest
|
881 | 39 | 568 | 1,051 | 524 | |||||||||||||||
|
Interest factor in rental
expense(1)
|
53,721 | 50,601 | 42,731 | 36,840 | 30,597 | |||||||||||||||
|
Total fixed charges
|
$ | 190,425 | $ | 199,358 | $ | 197,385 | $ | 253,606 | $ | 281,758 | ||||||||||
|
Ratio of earnings to fixed charges
|
2.2 | x | 2.0 | x | 2.9 | x | 2.5 | x | 2.2 | x | ||||||||||
| (1) | Utilized an assumed interest factor of 33% in rental expense. |