Exhibit 12
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
Second Quarter | First Six Months | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
Computation of Earnings: | ||||||||||||||||
Income before income taxes | $ | 20,743 | $ | 26,258 | $ | 32,626 | $ | 19,499 | ||||||||
Add: | ||||||||||||||||
Interest expense | 9,350 | 9,347 | 18,043 | 19,167 | ||||||||||||
Amortization of debt premium/discount and expenses | 615 | 610 | 1,218 | 1,225 | ||||||||||||
Interest portion of rent expense | 379 | 334 | 725 | 642 | ||||||||||||
Earnings as adjusted | $ | 31,087 | $ | 36,549 | $ | 52,612 | $ | 40,533 | ||||||||
Computation of Fixed Charges: | ||||||||||||||||
Interest expense | $ | 9,350 | $ | 9,347 | $ | 18,043 | $ | 19,167 | ||||||||
Capitalized interest | (28 | ) | 103 | 51 | 261 | |||||||||||
Amortization of debt premium/discount and expenses | 615 | 610 | 1,218 | 1,225 | ||||||||||||
Interest portion of rent expense | 379 | 334 | 725 | 642 | ||||||||||||
Fixed charges | $ | 10,316 | $ | 10,394 | $ | 20,037 | $ | 21,295 | ||||||||
Ratio of Earnings to Fixed Charges | 3.01 | 3.52 | 2.63 | 1.90 | ||||||||||||