Kohl's 2015 Annual Report Download - page 25
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Table of Contents
The following table includes our debt ratio calculation, as defined by our debt agreements, as of January 30, 2016:
Total debt $ 4,731
Permitted exclusions (5)
Subtotal 4,726
Rent x 8 2,232
Included Indebtedness $ 6,958
Net income $ 673
Loss on debt extinguishment 169
Rent expense 279
Depreciation and amortization 934
Net interest 327
Provision for income taxes 384
EBITDAR 2,766
Stock based compensation 48
Other non-cash revenues and expenses 8
Adjusted Debt Compliance EBITDAR $ 2,822
Debt Ratio (a) 2.47
Maximum permitted Debt Ratio 3.75
(a) Included Indebtedness divided by Adjusted Debt Compliance EBITDAR
The following table includes our Adjusted Debt to EBITDAR and debt/capitalization (a comparable GAAP measure) calculations:
Total Debt (net of discount)
$ 4,761
$ 4,861
Rent x 8
2,216
2,160
Adjusted Debt
$ 6,977
$ 7,021
Total Equity
$ 5,991
$ 5,978
EBITDAR per above
$ 2,852
$ 2,901
(a)
44.3%
44.8%
(b)
2.45
2.42
(a) Total debt divided by total debt and total equity
(b) Adjusted debt divided by EBITDAR
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