Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Earnings to Fixed Charges
(In Thousands, Except Ratios)
Earnings to Fixed Charges
(In Thousands, Except Ratios)
Third Quarter | First Nine Months | |||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Computation of Earnings | ||||||||||||||||
Income before income taxes | $ | 7,995 | $ | 8,246 | $ | 34,676 | $ | 24,865 | ||||||||
Add: | ||||||||||||||||
Minority interest | 110 | 841 | 1,960 | 2,546 | ||||||||||||
Interest expense | 12,413 | 12,087 | 36,920 | 35,822 | ||||||||||||
Amortization of debt premium/discount and expenses | 639 | 658 | 2,051 | 1,986 | ||||||||||||
Interest portion of rent expense | 313 | 301 | 989 | 889 | ||||||||||||
Earnings as adjusted | $ | 21,470 | $ | 22,133 | $ | 76,596 | $ | 66,108 | ||||||||
Computation of Fixed Charges: | ||||||||||||||||
Interest expense | $ | 12,413 | $ | 12,087 | $ | 36,920 | $ | 35,822 | ||||||||
Capitalized interest | 29 | 171 | 326 | 316 | ||||||||||||
Amortization of debt premium/discount and expenses | 639 | 658 | 2,051 | 1,986 | ||||||||||||
Interest portion of rent expense | 313 | 301 | 989 | 889 | ||||||||||||
Fixed charges | $ | 13,394 | $ | 13,217 | $ | 40,286 | $ | 39,013 | ||||||||
Ratio of Earnings to Fixed Charges | 1.60 | 1.67 | 1.90 | 1.69 | ||||||||||||