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Previous: MAY DEPARTMENT STORES CO, 10-Q, EX-15, 2000-06-06 |
Next: MAY DEPARTMENT STORES CO, 10-Q, EX-27, 2000-06-06 |
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Exhibit 12
THE MAY DEPARTMENT STORES COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FIVE FISCAL YEARS ENDED JANUARY 29, 2000 AND FOR THE
THIRTEEN WEEKS ENDED APRIL 29, 2000, AND MAY 1, 1999
13 Weeks Ended Fiscal Year Ended
April 29, May 1, Jan. 29, Jan. 30, Jan. 31, Feb. 1, Feb. 3,
2000 1999 2000 1999 1998 1997 1996
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings Available for Fixed Charges:
Pretax earnings from continuing
operations $ 200 $ 203 $ 1,523 $ 1,395 $ 1,279 $ 1,232 $ 1,160
Fixed charges (excluding interest
capitalized and pretax preferred
stock dividend requirements) 87 88 346 344 363 346 317
Dividends on ESOP Preference Shares (6) (6) (24) (25) (26) (26) (28)
Capitalized interest amortization 2 2 7 7 6 6 5
283 287 1,852 1,721 1,622 1,558 1,454
Fixed Charges:
Gross interest expense (a) $ 85 $ 85 $ 340 $ 339 $ 353 $ 341 $ 316
Interest factor attributable to
rent expense 6 6 22 21 23 22 20
91 91 362 360 376 363 336
Ratio of Earnings to Fixed Charges 3.1 3.2 5.1 4.8 4.3 4.3 4.3
(a) Represents interest expense on long-term and short-term debt, ESOP debt and amortization of
debt discount and debt issue expense.
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