Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - AUTOZONE INC | d597971d10k.htm |
| EX-32.2 - EX-32.2 - AUTOZONE INC | d597971dex322.htm |
| EX-32.1 - EX-32.1 - AUTOZONE INC | d597971dex321.htm |
| EX-31.2 - EX-31.2 - AUTOZONE INC | d597971dex312.htm |
| EX-31.1 - EX-31.1 - AUTOZONE INC | d597971dex311.htm |
| EX-23.1 - EX-23.1 - AUTOZONE INC | d597971dex231.htm |
| EX-21.1 - EX-21.1 - AUTOZONE INC | d597971dex211.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
| Fiscal Year Ended August | ||||||||||||||||||||
| (in thousands, except ratios) | 2018 (52 weeks) |
2017 (52 weeks) |
2016 (52 weeks) |
2015 (52 weeks) |
2014 (52 weeks) |
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| Earnings: |
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| Income before income taxes(1) |
$ | 1,636,329 | $ | 1,925,489 | $ | 1,912,714 | $ | 1,802,612 | $ | 1,662,714 | ||||||||||
| Fixed charges |
280,033 | 253,751 | 238,389 | 236,996 | 249,513 | |||||||||||||||
| Less: Capitalized interest |
(1,505 | ) | (1,247 | ) | (909 | ) | (963 | ) | (1,041 | ) | ||||||||||
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| Adjusted earnings |
$ | 1,914,857 | $ | 2,177,993 | $ | 2,150,194 | $ | 2,038,645 | $ | 1,911,186 | ||||||||||
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| Fixed charges: |
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| Gross interest expense |
$ | 173,276 | $ | 150,960 | $ | 142,981 | $ | 146,777 | $ | 163,544 | ||||||||||
| Amortization of debt expense |
8,392 | 8,369 | 7,980 | 6,230 | 6,856 | |||||||||||||||
| Interest portion of rent expense |
98,365 | 94,422 | 87,428 | 83,989 | 79,113 | |||||||||||||||
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| Fixed charges |
$ | 280,033 | $ | 253,751 | $ | 238,389 | $ | 236,996 | $ | 249,513 | ||||||||||
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| Ratio of earnings to fixed charges |
6.8 | 8.6 | 9.0 | 8.6 | 7.7 | |||||||||||||||
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(1) Fiscal 2018 income before income taxes includes $130.3 million related to pension termination charges and $193.2 million related to impairment charges.