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10-Q - 10-Q - FOOT LOCKER, INC.fl-20161029x10q.htm
EX-99 - EX-99 - FOOT LOCKER, INC.fl-20161029xex99.htm
EX-32 - EX-32 - FOOT LOCKER, INC.fl-20161029xex32.htm
EX-31.2 - EX-31.2 - FOOT LOCKER, INC.fl-20161029xex31_2.htm
EX-31.1 - EX-31.1 - FOOT LOCKER, INC.fl-20161029xex31_1.htm
EX-15 - EX-15 - FOOT LOCKER, INC.fl-20161029xex15.htm

Exhibit 12



FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

($ in millions)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Thirty-nine weeks ended

 

 

Fiscal Year Ended



 

Oct. 29,

 

Oct. 31,

 

 

Jan. 30,

 

Jan. 31,

 

Feb. 1,

 

Feb. 2,

 

Jan. 28,



 

2016

 

2015

 

 

2016

 

2015

 

2014

 

2013

 

2012

NET EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

475 

$

383 

 

$

541 

$

520 

$

429 

$

397 

$

278 

Income tax expense

 

248 

 

209 

 

 

296 

 

289 

 

234 

 

210 

 

157 

Interest expense, excluding capitalized interest

 

 

 

 

11 

 

11 

 

11 

 

11 

 

13 

Portion of rents deemed representative of the interest factor (1/3)

 

189 

 

187 

 

 

252 

 

249 

 

236 

 

222 

 

218 



$

921 

$

787 

 

$

1,100 

$

1,069 

$

910 

$

840 

$

666 

FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross interest expense

$

$

 

$

11 

$

11 

$

11 

$

11 

$

13 

Portion of rents deemed representative of the interest factor (1/3)

 

189 

 

187 

 

 

252 

 

249 

 

236 

 

222 

 

218 



$

198 

$

195 

 

$

263 

$

260 

$

247 

$

233 

$

231 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

4.7 

 

4.0 

 

 

4.2 

 

4.1 

 

3.7 

 

3.6 

 

2.9