Exhibit 12
Winn-Dixie Stores, Inc.
Computation of consolidated ratios of earnings to fixed charges
(Before non-recurring charges)
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<S> <C> <C> <C> <C> <C> <C>
09/20/2000 06/28/2000 06/30/1999 06/24/1998 06/25/1997 06/26/1996
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Fixed charges:
Interest expense 7,518 47,081 29,648 28,535 22,079 21,245
Capitalized interest 2,200
Interest component of rental expense 59,096 238,946 231,817 211,378 186,480 170,623
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Fixed charges 68,814 286,027 261,465 239,913 208,559 191,868
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Earnings:
Income from continuing operations before taxes 15,306 (302,411) 296,480 317,792 319,442 387,325
Non-recurring charges 8,953 404,969 18,100
Add: fixed charges 68,814 286,027 261,465 239,913 208,559 191,868
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Total earnings 93,073 388,585 557,945 575,805 528,001 579,193
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Ratio of earnings to fixed charges:
Total earnings 93,073 388,585 557,945 575,805 528,001 579,193
Fixed charges 68,814 286,027 261,465 239,913 208,559 191,868
Ratio 1.4 1.4 2.1 2.4 2.5 3.0
(After non-recurring charges)
09/20/2000 06/28/2000 06/30/1999 06/24/1998 06/25/1997 06/26/1996
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Fixed charges:
Interest expense 7,518 47,081 29,648 28,535 22,079 21,245
Capitalized interest 2,200
Interest component of rental expense 59,096 238,946 231,817 211,378 186,480 170,623
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Fixed charges 68,814 286,027 261,465 239,913 208,559 191,868
================================================================================
Earnings:
Income from continuing operations before taxes 15,306 (302,411) 296,480 317,792 319,442 387,325
Non-recurring charges
Add: fixed charges 68,814 286,027 261,465 239,913 208,559 191,868
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Total earnings 84,120 (16,384) 557,945 557,705 528,001 579,193
=================================================================================
Ratio of earnings to fixed charges:
Total earnings 84,120 (16,384) 557,945 557,705 528,001 579,193
Fixed charges 68,814 286,027 261,465 239,913 208,559 191,868
Ratio 1.2 (0.1) 2.1 2.3 2.5 3.0
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