Coca-Cola Consolidated (COKE) 10-Q 2009 Q2 Quarterly report

RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12

Coca-Cola Bottling Co. Consolidated
Earnings to Fixed Charges
(In Thousands, Except Ratios)

	Second Quarter				First Six Months
	2008		2007		2008		2007
Computation of Earnings
Income before income taxes	$	24,898	$	19,031	$	18,478	$	26,681
Add:
Minority interest		1,360		1,169		1,021		1,850
Interest expense		9,347		12,372		19,167		24,507
Amortization of debt premium/discount and expenses		610		644		1,225		1,412
Interest portion of rent expense		334		371		642		676
Earnings as adjusted	$	36,549	$	33,587	$	40,533	$	55,126
Computation of Fixed Charges:
Interest expense	$	9,347	$	12,372	$	19,167	$	24,507
Capitalized interest		103		24		261		297
Amortization of debt premium/discount and expenses		610		644		1,225		1,412
Interest portion of rent expense		334		371		642		676
Fixed charges	$	10,394	$	13,411	$	21,295	$	26,892
Ratio of Earnings to Fixed Charges		3.52		2.50		1.90		2.05