Exhibit 12
Coca-Cola Bottling Co. Consolidated
Earnings to Fixed Charges
In Thousands (Except Ratios)
Second Quarter | First Half | |||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||
Computation of Earnings | ||||||||||||
Income before income taxes | $ | 15,245 | $ | 19,849 | $ | 16,619 | $ | 21,057 | ||||
Add: | ||||||||||||
Minority interest | 1,149 | 1,441 | 1,705 | 1,961 | ||||||||
Interest expense | 12,180 | 12,547 | 23,735 | 23,775 | ||||||||
Amortization of debt premium/discount and expenses | 663 | 346 | 1,328 | 616 | ||||||||
Interest portion of rent expense | 296 | 266 | 588 | 536 | ||||||||
Earnings as adjusted | $ | 29,533 | $ | 34,449 | $ | 43,975 | $ | 47,945 | ||||
Computation of Fixed Charges: | ||||||||||||
Interest expense | $ | 12,180 | $ | 12,547 | $ | 23,735 | $ | 23,775 | ||||
Capitalized interest | 82 | 74 | 145 | 134 | ||||||||
Amortization of debt premium/discount and expenses | 663 | 346 | 1,328 | 616 | ||||||||
Interest portion of rent expense | 296 | 266 | 588 | 536 | ||||||||
Fixed charges | $ | 13,221 | $ | 13,233 | $ | 25,796 | $ | 25,061 | ||||
Ratio of Earnings to Fixed Charges | 2.23 | 2.60 | 1.70 | 1.91 | ||||||||