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 | |||||||||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||||||
Computation of Earnings: | ||||||||||||||||
Income before income taxes | $ | 19,490 | $ | 19,470 | $ | 27,599 | $ | 29,032 | ||||||||
Add: | ||||||||||||||||
Interest expense | 6,926 | 8,505 | 13,819 | 17,000 | ||||||||||||
Amortization of debt premium/discount and expenses | 484 | 576 | 971 | 1,154 | ||||||||||||
Interest portion of rent expense | 588 | 487 | 1,108 | 985 | ||||||||||||
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Earnings as adjusted | $ | 27,488 | $ | 29,038 | $ | 43,497 | $ | 48,171 | ||||||||
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Computation of Fixed Charges: | ||||||||||||||||
Interest expense | $ | 6,926 | $ | 8,505 | $ | 13,819 | $ | 17,000 | ||||||||
Capitalized interest | 68 | 23 | 122 | 34 | ||||||||||||
Amortization of debt premium/discount and expenses | 484 | 576 | 971 | 1,154 | ||||||||||||
Interest portion of rent expense | 588 | 487 | 1,108 | 985 | ||||||||||||
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Fixed charges | $ | 8,066 | $ | 9,591 | $ | 16,020 | $ | 19,173 | ||||||||
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Ratio of Earnings to Fixed Charges | 3.41 | 3.03 | 2.72 | 2.51 | ||||||||||||
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