ADVANCE AUTO PARTS INC - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 28, 2017

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10-K - 10-K - ADVANCE AUTO PARTS INCaap_10kx12312016.htm
EX-32.1 - EXHIBIT 32.1 - ADVANCE AUTO PARTS INCaap_exhibit321x12312016.htm
EX-31.2 - EXHIBIT 31.2 - ADVANCE AUTO PARTS INCaap_exhibit312x12312016.htm
EX-31.1 - EXHIBIT 31.1 - ADVANCE AUTO PARTS INCaap_exhibit311x12312016.htm
EX-23.1 - EXHIBIT 23.1 - ADVANCE AUTO PARTS INCaapexhibit231_12312016.htm
EX-21.1 - EXHIBIT 21.1 - ADVANCE AUTO PARTS INCaap_exhibit211x12312016.htm
EX-10.58 - EXHIBIT 10.58 - ADVANCE AUTO PARTS INCexhibit105822817.htm
EX-10.57 - EXHIBIT 10.57 - ADVANCE AUTO PARTS INCexhibit105722817.htm
EX-10.56 - EXHIBIT 10.56 - ADVANCE AUTO PARTS INCexhibit105622817.htm
EX-10.55 - EXHIBIT 10.55 - ADVANCE AUTO PARTS INCexhibit105522817.htm
EX-10.54 - EXHIBIT 10.54 - ADVANCE AUTO PARTS INCexhibit105422817.htm
EX-10.53 - EXHIBIT 10.53 - ADVANCE AUTO PARTS INCexhibit105322817.htm
EX-10.52 - EXHIBIT 10.52 - ADVANCE AUTO PARTS INCexhibit105222817.htm
EX-10.51 - EXHIBIT 10.51 - ADVANCE AUTO PARTS INCexhibit105122817.htm
EX-10.50 - EXHIBIT 10.50 - ADVANCE AUTO PARTS INCexhibit105022817.htm


Exhibit 12.1


Advance Auto Parts, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
In Thousands, Except Ratio Data

 
 
Fiscal Year (1)
 
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
 
Earnings Before Income Taxes
 
738,835

 
752,888

 
781,394

 
626,398

 
624,074

Add: Fixed Charges
 
303,968

 
279,415

 
301,297

 
195,327

 
170,426

Less: Capitalized Interest
 
(894
)
 
(880
)
 
(2,145
)
 
(2,077
)
 
(2,064
)
Adjusted Earnings
 
1,041,909

 
1,031,423

 
1,080,546

 
819,648

 
792,436

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest Expense (2)
 
60,804

 
66,288

 
75,553

 
38,694

 
35,905

Portion of rent estimated to represent interest
 
243,164

 
213,127

 
225,744

 
156,633

 
134,521

Total Fixed Charges
 
303,968

 
279,415

 
301,297

 
195,327

 
170,426

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.4

 
3.7

 
3.6

 
4.2

 
4.6


(1) 
Our fiscal year consists of 52 or 53 weeks ending on the Saturday nearest December 31st. All fiscal years presented are 52 weeks, with the exception of Fiscal 2014 which consisted of 53 weeks.
(2) 
Including amortization of debt discount and debt issuance costs.


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