Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - ADVANCE AUTO PARTS INC | aap_exhibit321x12302017.htm |
| EX-31.2 - EXHIBIT 31.2 - ADVANCE AUTO PARTS INC | aap_exhibit312x12302017.htm |
| EX-31.1 - EXHIBIT 31.1 - ADVANCE AUTO PARTS INC | aap_exhibit311x12302017.htm |
| EX-23.1 - EXHIBIT 23.1 - ADVANCE AUTO PARTS INC | aap_exhibit231x12302017.htm |
| EX-21.1 - EXHIBIT 21.1 - ADVANCE AUTO PARTS INC | aap_exhibit211x12302017.htm |
| EX-10.58 - EXHIBIT 10.58 - ADVANCE AUTO PARTS INC | aap_exhibit1058x12302017.htm |
| EX-10.57 - EXHIBIT 10.57 - ADVANCE AUTO PARTS INC | aap_exhibit1057x123017.htm |
| 10-K - 10-K - ADVANCE AUTO PARTS INC | aap_10kx12302017.htm |
Exhibit 12.1
Advance Auto Parts, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
Year (1) | ||||||||||||||||||||
(in thousands, except ratio data) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings Before Income Taxes | $ | 520,259 | $ | 738,835 | $ | 752,888 | $ | 781,394 | $ | 626,398 | ||||||||||
Add: Fixed Charges | 266,653 | 303,968 | 279,415 | 301,297 | 195,327 | |||||||||||||||
Less: Capitalized Interest | (1,071 | ) | (894 | ) | (880 | ) | (2,145 | ) | (2,077 | ) | ||||||||||
Adjusted Earnings | $ | 785,841 | $ | 1,041,909 | $ | 1,031,423 | $ | 1,080,546 | $ | 819,648 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense (2) | $ | 59,872 | $ | 60,804 | $ | 66,288 | $ | 75,553 | $ | 38,694 | ||||||||||
Portion of rent estimated to represent interest | 206,781 | 243,164 | 213,127 | 225,744 | 156,633 | |||||||||||||||
Total Fixed Charges | $ | 266,653 | $ | 303,968 | $ | 279,415 | $ | 301,297 | $ | 195,327 | ||||||||||
Ratio of Earnings to Fixed Charges | 2.9 | 3.4 | 3.7 | 3.6 | 4.2 | |||||||||||||||
(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 2014, which consisted of 53 weeks. |
(2) | Includes amortization of debt discount and debt issuance costs. |