JCPenney 2012 Annual Report Download - page 101

Download and view the complete annual report

Please find page 101 of the 2012 JCPenney annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Exhibit 12
J. C. Penney Company, Inc.
Computation of Ratios of Earnings to Fixed Charges

53
Weeks 52
Weeks 52
Weeks 52
Weeks 52 Weeks
Ended Ended Ended Ended Ended
($ in millions) 2/2/13 1/28/12 1/29/11 1/30/10 1/31/09

     

     
     
 
     
  
Total fixed charges 333 339 364 372 361
  
Total earnings available for fixed charges $(1,203) $110 $945 $771 $1,261
     
(1) Total available income/(loss) from continuing operations (before income taxes and capitalized interest, but after preferred stock
dividend) was not sufficient to cover combined fixed charges and preferred stock for the 53 weeks ended 2/2/13 and the 52 weeks ended
1/28/12 by $1,536 million and $229 million, respectively.