Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - RALPH LAUREN CORP | rl-20171230x10qex322.htm |
| EX-32.1 - EXHIBIT 32.1 - RALPH LAUREN CORP | rl-20171230x10qex321.htm |
| EX-31.2 - EXHIBIT 31.2 - RALPH LAUREN CORP | rl-20171230x10qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - RALPH LAUREN CORP | rl-20171230x10qex311.htm |
| 10-Q - 10-Q - RALPH LAUREN CORP | rl-20171230x10q.htm |
EXHIBIT 12.1
RALPH LAUREN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | Fiscal Years Ended(a) | |||||||||||||||||||||||
December 30, 2017 | April 1, 2017 | April 2, 2016 | March 28, 2015 | March 29, 2014 | March 30, 2013 | |||||||||||||||||||
(millions) | ||||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Income (loss) before income taxes | $ | 464.3 | $ | (104.9 | ) | $ | 551.8 | $ | 987.4 | $ | 1,095.8 | $ | 1,089.3 | |||||||||||
Add: | ||||||||||||||||||||||||
Equity in losses of equity-method investees | 3.6 | 5.2 | 10.9 | 11.5 | 9.4 | 9.5 | ||||||||||||||||||
Fixed charges | 125.9 | 165.9 | 178.4 | 172.0 | 170.2 | 162.3 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Income attributable to noncontrolling interests | — | — | — | — | — | 0.7 | ||||||||||||||||||
Earnings available to cover fixed charges | $ | 593.8 | $ | 66.2 | $ | 741.1 | $ | 1,170.9 | $ | 1,275.4 | $ | 1,260.4 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 14.4 | $ | 12.4 | $ | 21.0 | $ | 16.7 | $ | 18.7 | $ | 19.1 | ||||||||||||
Interest component of rent expense | 111.5 | 153.5 | 157.4 | 155.3 | 151.5 | 143.2 | ||||||||||||||||||
Total fixed charges | $ | 125.9 | $ | 165.9 | $ | 178.4 | $ | 172.0 | $ | 170.2 | $ | 162.3 | ||||||||||||
Ratio of earnings to fixed charges(b) | 4.7 | 0.4 | 4.2 | 6.8 | 7.5 | 7.8 | ||||||||||||||||||
(a) | The fiscal year ended April 2, 2016 consisted of 53 weeks. All other fiscal years presented consisted of 52 weeks. |
(b) | All ratios have been calculated using unrounded numbers. |