Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
| Second Quarter | First Half | |||||||||||||||
| 2012 | 2011 | 2012 | 2011 | |||||||||||||
Computation of Earnings: | ||||||||||||||||
Income before income taxes | $ | 19,470 | $ | 19,378 | $ | 29,032 | $ | 29,788 | ||||||||
Add: | ||||||||||||||||
Interest expense | 8,505 | 8,477 | 17,000 | 16,682 | ||||||||||||
Amortization of debt premium/discount and expenses | 576 | 572 | 1,154 | 1,141 | ||||||||||||
Interest portion of rent expense | 487 | 409 | 985 | 828 | ||||||||||||
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Earnings as adjusted | $ | 29,038 | $ | 28,836 | $ | 48,171 | $ | 48,439 | ||||||||
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Computation of Fixed Charges: | ||||||||||||||||
Interest expense | $ | 8,505 | $ | 8,477 | $ | 17,000 | $ | 16,682 | ||||||||
Capitalized interest | 23 | 39 | 34 | 122 | ||||||||||||
Amortization of debt premium/discount and expenses | 576 | 572 | 1,154 | 1,141 | ||||||||||||
Interest portion of rent expense | 487 | 409 | 985 | 828 | ||||||||||||
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Fixed charges | $ | 9,591 | $ | 9,497 | $ | 19,173 | $ | 18,773 | ||||||||
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Ratio of Earnings to Fixed Charges | 3.03 | 3.04 | 2.51 | 2.58 | ||||||||||||
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