Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - LOWES COMPANIES INC | lowesform10q.htm |
| EX-32.1 - SECTION 906 CERTIFICATION - LOWES COMPANIES INC | exhibit321.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - LOWES COMPANIES INC | exhibit312.htm |
| EX-15.1 - DELOITTE & TOUCHE LLP LETTER RE UNAUDITED INTERIM FINANCIAL INFORMATION - LOWES COMPANIES INC | exhibit151.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - LOWES COMPANIES INC | exhibit311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - LOWES COMPANIES INC | Financial_Report.xls |
| EX-32.2 - SECTION 906 CERTIFICATION - LOWES COMPANIES INC | exhibit322.htm |
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Exhibit 12.1
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Lowe's Companies, Inc.
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Statement Re Computation of Ratio of Earnings to Fixed Charges
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In Millions, Except Ratio Data
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Three Months Ended
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Fiscal Years Ended On
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May 3,
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May 4,
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February 1,
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February 3,
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January 28,
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January 29,
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January 30,
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2013
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2012
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2013
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2012
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2011
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2010
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2009
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Earnings:
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Earnings Before Income Taxes
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$ | 868 | $ | 850 | $ | 3,137 | $ | 2,906 | $ | 3,228 | $ | 2,825 | $ | 3,506 | |||||||
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Fixed Charges
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150 | 144 | 605 | 524 | 486 | 468 | 479 | ||||||||||||||
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Capitalized Interest 1
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2 | 2 | 6 | - | (4 | ) | (19 | ) | (36 | ) | |||||||||||
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Adjusted Earnings
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$ | 1,020 | $ | 996 | $ | 3,748 | $ | 3,430 | $ | 3,710 | $ | 3,274 | $ | 3,949 | |||||||
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Fixed Charges:
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Interest Expense 2
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$ | 115 | $ | 109 | $ | 463 | $ | 385 | $ | 352 | $ | 331 | $ | 346 | |||||||
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Rental Expense 3
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35 | 35 | 142 | 139 | 134 | 137 | 133 | ||||||||||||||
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Total Fixed Charges
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$ | 150 | $ | 144 | $ | 605 | $ | 524 | $ | 486 | $ | 468 | $ | 479 | |||||||
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Ratio of Earnings to Fixed Charges
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6.8 | 6.9 | 6.2 | 6.5 | 7.6 | 7.0 | 8.2 | ||||||||||||||
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1 Includes the net of subtractions for interest capitalized and additions for amortization of previously-capitalized interest.
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2 Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.
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3 The portion of rental expense that is representative of the interest factor in these rentals.
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