RATIO OF EARNINGS TO FIXED CHARGES
Exhibit 12
Coca-Cola Bottling Co. Consolidated
Earnings to Fixed Charges
(In Thousands, Except Ratios)
Earnings to Fixed Charges
(In Thousands, Except Ratios)
Second Quarter | First Half | |||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Computation of Earnings | ||||||||||||||||
Income before income taxes | $ | 19,031 | $ | 15,245 | $ | 26,681 | $ | 16,619 | ||||||||
Add: | ||||||||||||||||
Minority interest | 1,169 | 1,149 | 1,850 | 1,705 | ||||||||||||
Interest expense | 12,372 | 12,180 | 24,507 | 23,735 | ||||||||||||
Amortization of debt premium/discount and expenses | 644 | 663 | 1,412 | 1,328 | ||||||||||||
Interest portion of rent expense | 371 | 296 | 676 | 588 | ||||||||||||
Earnings as adjusted | $ | 33,587 | $ | 29,533 | $ | 55,126 | $ | 43,975 | ||||||||
Computation of Fixed Charges: | ||||||||||||||||
Interest expense | $ | 12,372 | $ | 12,180 | $ | 24,507 | $ | 23,735 | ||||||||
Capitalized interest | 24 | 82 | 297 | 145 | ||||||||||||
Amortization of debt premium/discount and expenses | 644 | 663 | 1,412 | 1,328 | ||||||||||||
Interest portion of rent expense | 371 | 296 | 676 | 588 | ||||||||||||
Fixed charges | $ | 13,411 | $ | 13,221 | $ | 26,892 | $ | 25,796 | ||||||||
Ratio of Earnings to Fixed Charges | 2.50 | 2.23 | 2.05 | 1.70 | ||||||||||||