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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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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 |
| ||||||||||
|
| 2015 |
|
| 2014 |
|
| 2015 |
|
| 2014 |
| ||||
Computation of Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
| $ | 46,483 |
|
| $ | 23,921 |
|
| $ | 50,949 |
|
| $ | 28,814 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
| 6,227 |
|
|
| 6,864 |
|
|
| 13,070 |
|
|
| 13,610 |
|
Amortization of debt premium/discount and expenses |
|
| 492 |
|
|
| 480 |
|
|
| 996 |
|
|
| 958 |
|
Interest portion of rent expense |
|
| 728 |
|
|
| 645 |
|
|
| 1,387 |
|
|
| 1,263 |
|
Earnings as adjusted |
| $ | 53,930 |
|
| $ | 31,910 |
|
| $ | 66,402 |
|
| $ | 44,645 |
|
Computation of Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| $ | 6,227 |
|
| $ | 6,864 |
|
| $ | 13,070 |
|
| $ | 13,610 |
|
Capitalized interest |
|
| 72 |
|
|
| 47 |
|
|
| 138 |
|
|
| 109 |
|
Amortization of debt premium/discount and expenses |
|
| 492 |
|
|
| 480 |
|
|
| 996 |
|
|
| 958 |
|
Interest portion of rent expense |
|
| 728 |
|
|
| 645 |
|
|
| 1,387 |
|
|
| 1,263 |
|
Fixed charges |
| $ | 7,519 |
|
| $ | 8,036 |
|
| $ | 15,591 |
|
| $ | 15,940 |
|
Ratio of Earnings to Fixed Charges |
|
| 7.17 |
|
|
| 3.97 |
|
|
| 4.26 |
|
|
| 2.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|