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Content analysis
?Positive | ||
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Readability |
H.S. freshman 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)
|
| Third Quarter |
|
| Nine Months |
| ||||||||||
|
| 2015 |
|
| 2014 |
|
| 2015 |
|
| 2014 |
| ||||
Computation of Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
| $ | 39,658 |
|
| $ | 21,113 |
|
| $ | 90,607 |
|
| $ | 49,927 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
| 6,191 |
|
|
| 6,853 |
|
|
| 19,261 |
|
|
| 20,463 |
|
Amortization of debt premium/discount and expenses |
|
| 495 |
|
|
| 480 |
|
|
| 1,491 |
|
|
| 1,438 |
|
Interest portion of rent expense |
|
| 779 |
|
|
| 637 |
|
|
| 2,166 |
|
|
| 1,900 |
|
Earnings as adjusted |
| $ | 47,123 |
|
| $ | 29,083 |
|
| $ | 113,525 |
|
| $ | 73,728 |
|
Computation of Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| $ | 6,191 |
|
| $ | 6,853 |
|
| $ | 19,261 |
|
| $ | 20,463 |
|
Capitalized interest |
|
| 81 |
|
|
| 22 |
|
|
| 219 |
|
|
| 131 |
|
Amortization of debt premium/discount and expenses |
|
| 495 |
|
|
| 480 |
|
|
| 1,491 |
|
|
| 1,438 |
|
Interest portion of rent expense |
|
| 779 |
|
|
| 637 |
|
|
| 2,166 |
|
|
| 1,900 |
|
Fixed charges |
| $ | 7,546 |
|
| $ | 7,992 |
|
| $ | 23,137 |
|
| $ | 23,932 |
|
Ratio of Earnings to Fixed Charges |
|
| 6.24 |
|
|
| 3.64 |
|
|
| 4.91 |
|
|
| 3.08 |
|