Walmart Inc. - FORM 10-K - EX-12.1 - STATEMENT REGARDING COMPUTATION OF THE EARNINGS TO FIXED CHARGES RATIOS - March 30, 2018

Attached files

file filename
EX-10.(B) - AMENDED AND RESTATED WALMART INC. OFFICER DEFERRED COMPENSATION PLAN - Walmart Inc.exhibit10b.htm
10-K - FORM 10-K - Walmart Inc.wmtform10-kx1312018.htm
EX-32.2 - CHIEF FINANCIAL OFFICER SECTION 906 CERTIFICATION - Walmart Inc.wmt3221312018.htm
EX-32.1 - CHIEF EXECUTIVE OFFICER SECTION 906 CERTIFICATION - Walmart Inc.wmt3211312018.htm
EX-31.2 - CHIEF FINANCIAL OFFICER SECTION 302 CERTIFICATION - Walmart Inc.wmt3121312018.htm
EX-31.1 - CHIEF EXECUTIVE OFFICER SECTION 302 CERTIFICATION - Walmart Inc.wmt3111312018.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED ACCOUNTING FIRM - Walmart Inc.wmt231312018.htm
EX-21 - LIST OF THE COMPANY'S SIGNIFICANT SUBSIDIARIES - Walmart Inc.wmt211312018.htm
EX-10.(G).1 - EXECUTIVE OFFICERS EXECUTING POST TERMINATION AGREEMENT - Walmart Inc.exhibit10g1.htm
EX-10.(M) - FORM OF STOCK INCENTIVE PLAN - GLOBAL SHARE-SETTLED PERFORMANCE UNIT AWARD - Walmart Inc.exhibit10m.htm
EX-10.(L) - FORM OF STOCK INCENTIVE PLAN - RESTRICTED STOCK AWARD - Walmart Inc.exhibit10l.htm
EX-10.(H) - AMENDED AND RESTATED WALMART DEFERRED COMPENSATION MATCHING PLAN - Walmart Inc.exhibit10h.htm
EX-10.(F) - AMENDED AND RESTATED WALMART DIRECTOR COMPENSATION DEFERRAL PLAN - Walmart Inc.exhibit10f.htm
EX-10.(E) - AMENDED AND RESTATED WALMART INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN - Walmart Inc.exhibit10e.htm
EX-10.(D) - AMENDED AND RESTATED STOCK INCENTIVE PLAN OF 2015 - Walmart Inc.exhibit10d.htm
EX-10.(C) - AMENDED AND RESTATED 2016 ASSOCIATE STOCK PURCHASE PLAN - Walmart Inc.exhibit10c.htm
EX-10.(A) - AMENDED AND RESTATED OFFICER DEFERRED COMPENSATION PLAN - Walmart Inc.exhibit10a.htm


Exhibit 12.1

Walmart Inc.
Ratio of Earnings to Fixed Charges

 
January 31,
(Amounts in millions)
2018
 
2017
 
2016
 
2015
 
2014
Income from continuing operations before income taxes
$
15,123

 
$
20,497

 
$
21,638

 
$
24,799

 
$
24,656

Capitalized interest
(17
)
 
(36
)
 
(39
)
 
(59
)
 
(78
)
Consolidated net income attributable to the noncontrolling interest
(661
)
 
(650
)
 
(386
)
 
(736
)
 
(673
)
Adjusted income before income taxes
14,445


19,811

 
21,213

 
24,004

 
23,905

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest (1)
2,347

 
2,403

 
2,587

 
2,520

 
2,413

Interest component of rent
890

 
862

 
836

 
916

 
933

            Total fixed charges
3,237


3,265

 
3,423

 
3,436

 
3,346

Income before income taxes and fixed charges
$
17,682


$
23,076

 
$
24,636

 
$
27,440

 
$
27,251

Ratio of earnings to fixed charges
5.5


7.1

 
7.2

 
8.0


8.1

(1) Includes interest on debt, capital leases and financing obligations, amortization of debt issuance costs and capitalized interest; excludes loss on extinguishment of debt.


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