Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
| Third Quarter | First Nine Months | |||||||||||||||
| 2012 | 2011 | 2012 | 2011 | |||||||||||||
Computation of Earnings: | ||||||||||||||||
Income before income taxes | $ | 18,405 | $ | 15,877 | $ | 47,437 | $ | 45,665 | ||||||||
Add: | ||||||||||||||||
Interest expense | 8,463 | 8,488 | 25,463 | 25,170 | ||||||||||||
Amortization of debt premium/discount and expenses | 572 | 603 | 1,726 | 1,744 | ||||||||||||
Interest portion of rent expense | 496 | 447 | 1,481 | 1,275 | ||||||||||||
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Earnings as adjusted | $ | 27,936 | $ | 25,415 | $ | 76,107 | $ | 73,854 | ||||||||
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Computation of Fixed Charges: | ||||||||||||||||
Interest expense | $ | 8,463 | $ | 8,488 | $ | 25,463 | $ | 25,170 | ||||||||
Capitalized interest | 28 | 19 | 62 | 141 | ||||||||||||
Amortization of debt premium/discount and expenses | 572 | 603 | 1,726 | 1,744 | ||||||||||||
Interest portion of rent expense | 496 | 447 | 1,481 | 1,275 | ||||||||||||
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Fixed charges | $ | 9,559 | $ | 9,557 | $ | 28,732 | $ | 28,330 | ||||||||
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Ratio of Earnings to Fixed Charges | 2.92 | 2.66 | 2.65 | 2.61 | ||||||||||||
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