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 | |||||||||||||||
2008 | 2007 | 2008 | 2007 | |||||||||||||
Computation of Earnings: | ||||||||||||||||
Income (loss) before income taxes | $ | (3,668 | ) | $ | 7,995 | $ | 14,810 | $ | 34,676 | |||||||
Add: | ||||||||||||||||
Minority interest | 705 | 110 | 1,726 | 1,960 | ||||||||||||
Interest expense | 8,810 | 12,413 | 27,976 | 36,920 | ||||||||||||
Amortization of debt premium/discount and expenses | 608 | 639 | 1,834 | 2,051 | ||||||||||||
Interest portion of rent expense | 350 | 313 | 992 | 989 | ||||||||||||
Earnings as adjusted | $ | 6,805 | $ | 21,470 | $ | 47,338 | $ | 76,596 | ||||||||
Computation of Fixed Charges: | ||||||||||||||||
Interest expense | $ | 8,810 | $ | 12,413 | $ | 27,976 | $ | 36,920 | ||||||||
Capitalized interest | 63 | 29 | 324 | 326 | ||||||||||||
Amortization of debt premium/discount and expenses | 608 | 639 | 1,834 | 2,051 | ||||||||||||
Interest portion of rent expense | 350 | 313 | 992 | 989 | ||||||||||||
Fixed charges | $ | 9,831 | $ | 13,394 | $ | 31,126 | $ | 40,286 | ||||||||
Ratio of Earnings to Fixed Charges | 0.69 | 1.60 | 1.52 | 1.90 | ||||||||||||