Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - AUTOZONE INC | Financial_Report.xls |
| 10-Q - 10-Q - AUTOZONE INC | d826246d10q.htm |
| EX-31.1 - EX-31.1 - AUTOZONE INC | d826246dex311.htm |
| EX-15.1 - EX-15.1 - AUTOZONE INC | d826246dex151.htm |
| EX-32.1 - EX-32.1 - AUTOZONE INC | d826246dex321.htm |
| EX-31.2 - EX-31.2 - AUTOZONE INC | d826246dex312.htm |
| EX-32.2 - EX-32.2 - AUTOZONE INC | d826246dex322.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
| Twelve Weeks Ended | ||||||||
| November 22, 2014 |
November 23, 2013 |
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| Earnings: |
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| Income before income taxes |
$ | 371,502 | $ | 341,295 | ||||
| Fixed charges |
56,800 | 60,793 | ||||||
| Less: Capitalized interest |
(162 | ) | (205 | ) | ||||
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| Adjusted earnings |
$ | 428,140 | $ | 401,883 | ||||
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| Fixed charges: |
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| Gross interest expense |
$ | 35,987 | $ | 41,260 | ||||
| Amortization of debt origination fees |
1,521 | 1,711 | ||||||
| Interest portion of rent expense |
19,292 | 17,822 | ||||||
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| Fixed charges |
$ | 56,800 | $ | 60,793 | ||||
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| Ratio of earnings to fixed charges |
7.5 | 6.6 | ||||||
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| Fiscal Year Ended August | ||||||||||||||||||||
| 2014 (52 weeks) |
2013 (53 weeks) |
2012 (52 weeks) |
2011 (52 weeks) |
2010 (52 weeks) |
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| Earnings: |
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| Income before income taxes |
$ | 1,662,714 | $ | 1,587,683 | $ | 1,452,986 | $ | 1,324,246 | $ | 1,160,505 | ||||||||||
| Fixed charges |
249,513 | 265,108 | 250,056 | 240,329 | 223,608 | |||||||||||||||
| Less: Capitalized interest |
(1,041 | ) | (1,303 | ) | (1,245 | ) | (1,059 | ) | (1,093 | ) | ||||||||||
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| Adjusted earnings |
$ | 1,911,186 | $ | 1,851,488 | $ | 1,701,797 | $ | 1,563,516 | $ | 1,383,020 | ||||||||||
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| Fixed charges: |
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| Gross interest expense |
$ | 163,544 | $ | 180,085 | $ | 170,481 | $ | 164,712 | $ | 156,135 | ||||||||||
| Amortization of debt origination fees |
6,856 | 8,239 | 8,066 | 8,962 | 6,495 | |||||||||||||||
| Interest portion of rent expense |
79,113 | 76,784 | 71,509 | 66,655 | 60,978 | |||||||||||||||
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| Fixed charges |
$ | 249,513 | $ | 265,108 | $ | 250,056 | $ | 240,329 | $ | 223,608 | ||||||||||
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| Ratio of earnings to fixed charges |
7.7 | 7.0 | 6.8 | 6.5 | 6.2 | |||||||||||||||
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