Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AUTOZONE INC | d923933d10q.htm |
| EX-31.1 - EX-31.1 - AUTOZONE INC | d923933dex311.htm |
| EX-15.1 - EX-15.1 - AUTOZONE INC | d923933dex151.htm |
| EX-32.1 - EX-32.1 - AUTOZONE INC | d923933dex321.htm |
| EX-31.2 - EX-31.2 - AUTOZONE INC | d923933dex312.htm |
| EX-32.2 - EX-32.2 - AUTOZONE INC | d923933dex322.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AUTOZONE INC | Financial_Report.xls |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)
| Thirty-Six Weeks Ended | ||||||||
| May 9, 2015 | May 10, 2014 | |||||||
| Earnings: |
||||||||
| Income before income taxes |
$ | 1,180,405 | $ | 1,081,939 | ||||
| Fixed charges |
163,625 | 174,597 | ||||||
| Less: Capitalized interest |
(580 | ) | (670 | ) | ||||
|
|
|
|
|
|||||
| Adjusted earnings |
$ | 1,343,450 | $ | 1,255,866 | ||||
|
|
|
|
|
|||||
| Fixed charges: |
||||||||
| Gross interest expense |
$ | 100,737 | $ | 115,275 | ||||
| Amortization of debt origination fees |
4,274 | 4,895 | ||||||
| Interest portion of rent expense |
58,614 | 54,427 | ||||||
|
|
|
|
|
|||||
| Fixed charges |
$ | 163,625 | $ | 174,597 | ||||
|
|
|
|
|
|||||
| Ratio of earnings to fixed charges |
8.2 | 7.2 | ||||||
|
|
|
|
|
|||||
| Fiscal Year Ended August | ||||||||||||||||||||
| 2014 (52 weeks) |
2013 (53 weeks) |
2012 (52 weeks) |
2011 (52 weeks) |
2010 (52 weeks) |
||||||||||||||||
| Earnings: |
||||||||||||||||||||
| 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 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Adjusted earnings |
$ | 1,911,186 | $ | 1,851,488 | $ | 1,701,797 | $ | 1,563,516 | $ | 1,383,020 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Fixed charges: |
||||||||||||||||||||
| 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 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Fixed charges |
$ | 249,513 | $ | 265,108 | $ | 250,056 | $ | 240,329 | $ | 223,608 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Ratio of earnings to fixed charges |
7.7 | 7.0 | 6.8 | 6.5 | 6.2 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||