Attached files
| file | filename |
|---|---|
| EX-32.2 - EX 32.2 - SUPERVALU INC | f18form10-kex322.htm |
| EX-4.3 - EX 4.3 - SUPERVALU INC | f18form10-kex43.htm |
| 10-K - 10-K - SUPERVALU INC | f18form10-k.htm |
| EX-32.1 - EX 32.1 - SUPERVALU INC | f18form10-kex321.htm |
| EX-31.2 - EX 31.2 - SUPERVALU INC | f18form10-kex312.htm |
| EX-31.1 - EX 31.1 - SUPERVALU INC | f18form10-kex311.htm |
| EX-24.1 - EX 24.1 - SUPERVALU INC | f18form10-kex241.htm |
| EX-23.1 - EX 23.1 - SUPERVALU INC | f18form10-kex231.htm |
| EX-21.1 - EX 21.1 - SUPERVALU INC | f18form10-kex211.htm |
| EX-10.49 - EX 10.49 - SUPERVALU INC | f18form10-kex1049.htm |
| EX-10.32 - EX 10.32 - SUPERVALU INC | f18form10-kex1032.htm |
| EX-10.19 - EX 10.19 - SUPERVALU INC | f18form10-kex1019.htm |
| EX-10.15 - EX 10.15 - SUPERVALU INC | f18form10-kex1015.htm |
| EX-10.1 - EX 10.1 - SUPERVALU INC | f18form10-kex101.htm |
| EX-4.2 - EX 4.2 - SUPERVALU INC | f18form10-kex42.htm |
| EX-4.1 - EX 4.1 - SUPERVALU INC | f18form10-kex41.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
February 24, 2018 (52 weeks) | February 25, 2017 (52 weeks) | February 27, 2016 (52 weeks) | February 28, 2015(1) (53 weeks) | February 22, 2014(2) (52 weeks) | |||||||||||||||
Net earnings (loss) from continuing operations before income taxes | $ | 77 | $ | 20 | $ | 53 | $ | (73 | ) | $ | (230 | ) | |||||||
Less net earnings attributable to noncontrolling interests | (1 | ) | (4 | ) | (8 | ) | (7 | ) | (7 | ) | |||||||||
Net overdistributed earnings of less than fifty percent owned affiliates | 1 | — | 1 | — | 1 | ||||||||||||||
Fixed charges | 159 | 200 | 214 | 261 | 424 | ||||||||||||||
Amortized capitalized interest | (1 | ) | — | (1 | ) | (1 | ) | (1 | ) | ||||||||||
Earnings available to cover fixed charges | $ | 235 | $ | 216 | $ | 259 | $ | 180 | $ | 187 | |||||||||
Interest expense | 136 | 181 | 194 | 241 | 403 | ||||||||||||||
Capitalized interest | 1 | — | 1 | 1 | 1 | ||||||||||||||
Interest on operating leases | 22 | 19 | 19 | 19 | 20 | ||||||||||||||
Total fixed charges | $ | 159 | $ | 200 | $ | 214 | $ | 261 | $ | 424 | |||||||||
Excess (deficiency) of earnings to fixed charges | $ | 76 | $ | 16 | $ | 45 | $ | (81 | ) | $ | (237 | ) | |||||||
Ratio of earnings to fixed charges | 1.48 | 1.08 | 1.21 | N/A | N/A | ||||||||||||||
N/A represents a ratio of less than one.
(1) | Supervalu’s earnings available to cover fixed charges were insufficient to cover fixed charges for fiscal 2015 due to $69 of pension, multi-employer and benefit plan settlement charge, $1 of severance costs and $1 Information technology intrusion costs, net of insurance recoverable before tax. |
(2) Supervalu’s earnings available to cover fixed charges were insufficient to cover fixed charges for fiscal 2014 due to $99 of charges for the write-off of non-cash unamortized financing costs and original issue discount acceleration before tax, $75 of debt refinancing costs before tax, $41 of severance costs before tax, , $6 of contract breakage and other costs before tax, and $3 of multi-employer pension withdrawal charge before tax, offset in part by $15 of gain on sale of property before tax and $2 of non-cash asset impairment and other charges before tax.