RITE AID CORP - FORM 10-K - EX-12 - April 25, 2016

Attached files

file filename
10-K - 10-K - RITE AID CORPa2228303z10-k.htm
EX-32 - EX-32 - RITE AID CORPa2228303zex-32.htm
EX-23 - EX-23 - RITE AID CORPa2228303zex-23.htm
EX-21 - EX-21 - RITE AID CORPa2228303zex-21.htm
EX-31.2 - EX-31.2 - RITE AID CORPa2228303zex-31_2.htm
EX-31.1 - EX-31.1 - RITE AID CORPa2228303zex-31_1.htm

QuickLinks -- Click here to rapidly navigate through this document


Exhibit 12

RITE AID CORPORATION AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

        We have calculated the ratio of earnings to fixed charges in the following table by dividing earnings by fixed charges. For this purpose, earnings include pre-tax income from continuing operations plus fixed charges, before capitalized interest. Fixed charges include interest, whether expensed or capitalized, amortization of debt expense, preferred stock dividend requirement and that portion of rental expense which is representative of the interest factor in those rentals.

 
   Year Ended  
 
   February 27,
2016 		  February 28,
2015 		  March 1,
2014 		  March 2,
2013 		  March 3,
2012 		 
 
   (52 Weeks)
   (52 Weeks)
   (52 Weeks)
   (52 Weeks)
   (53 Weeks)
  
 
   (dollars in thousands)
  

Fixed charges:

                                

Interest expense

   $ 449,574   $ 397,612   $ 424,591   $ 515,421   $ 529,255  

Interest portion of net rental expense(1)

     324,449     321,495     317,592     317,080     325,631  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed charges before capitalized interest and preferred stock dividend requirements

     774,023     719,107     742,183     832,501     854,886  

Preferred stock dividend requirements(2)

     —     —     16,636     21,056     19,838  

Capitalized interest

     196     145     197     399     315  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges

     774,219     719,252     759,016     853,956     875,039  

Earnings:

                                

Income (loss) before income taxes

     278,404     426,820     250,218     7,505     (392,257 )

Preferred stock dividend requirements(2)

     —     —     (16,636 )   (21,056 )   (19,838 )

Fixed charges before capitalized interest

     774,023     719,107     758,819     853,557     874,724  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total adjusted earnings

     1,052,427     1,145,927     992,401     840,006     462,629  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings to fixed charges excess (deficiency)

   $ 278,208   $ 426,675   $ 233,385   $ (13,950 ) $ (412,410 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of earnings to fixed charges(3)

     1.36     1.59     1.31     —     —  
(1)
The interest portion of net rental expense is estimated to be equal to one-third of the minimum rental expense for the period.

(2)
The preferred stock dividend requirement is computed as the pre-tax earnings that would be required to cover preferred stock dividends.

(3)
For the years ended March 3, 2012, and March 2, 2013, earnings were insufficient to cover fixed charges by approximately $412.4 million, and $14.0 million, respectively. For the years ended March 1, 2014, February 28, 2015 and February 27, 2016, earnings were sufficient to cover fixed charges by approximately $233.4 million, $426.7 million and $278.2 million, respectively.



QuickLinks

RITE AID CORPORATION AND SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Stock widget

Investing forum

RITE AID CORP Reports