Exhibit 12
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
Third Quarter | First Nine Months | |||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||
Computation of Earnings | ||||||||||||
Income before income taxes | $ | 8,246 | $ | 14,885 | $ | 24,865 | $ | 35,942 | ||||
Add: | ||||||||||||
Minority interest | 841 | 1,201 | 2,546 | 3,162 | ||||||||
Interest expense | 12,087 | 11,325 | 35,822 | 35,100 | ||||||||
Amortization of debt premium/discount and expenses | 658 | 680 | 1,986 | 1,296 | ||||||||
Interest portion of rent expense | 301 | 242 | 889 | 778 | ||||||||
Earnings as adjusted | $ | 22,133 | $ | 28,333 | $ | 66,108 | $ | 76,278 | ||||
Computation of Fixed Charges: | ||||||||||||
Interest expense | $ | 12,087 | $ | 11,325 | $ | 35,822 | $ | 35,100 | ||||
Capitalized interest | 171 | 41 | 316 | 175 | ||||||||
Amortization of debt premium/discount and expenses | 658 | 680 | 1,986 | 1,296 | ||||||||
Interest portion of rent expense | 301 | 242 | 889 | 778 | ||||||||
Fixed charges | $ | 13,217 | $ | 12,288 | $ | 39,013 | $ | 37,349 | ||||
Ratio of Earnings to Fixed Charges | 1.67 | 2.31 | 1.69 | 2.04 | ||||||||