Coca-Cola Consolidated (COKE) 10-Q2018 Q1 Quarterly report

Filed: 9 May 18, 5:18pm

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: absorbed, achieved, AEA, analyzed, attaining, back, bad, BBB, Berry, brokerage, Bulletin, Cherry, Citigroup, clarification, commitment, compensatory, compression, CPI, damaged, David, decided, declined, delivered, devote, disaggregation, distinct, divestiture, doubtful, drove, Dunkin, earned, Easter, eligible, enterprise, entitled, error, evolving, exerted, expedient, expenditure, experienced, Fargo, focused, forward, freight, French, functionality, furniture, good, hauling, holiday, Humphrey, Iced, improve, Improving, inclusion, incremental, input, integrate, integrated, integrating, integration, IRS, Juice, Katz, Loco, longer, Mango, membership, mix, Mocha, month, Moody, MSA, negative, NYL, Omission, organic, organization, outlined, outlook, output, Passionfruit, pattern, Peace, Peach, platform, point, poor, POWERade, pressure, processing, prospective, provisional, Punch, quorum, Razzleberry, Reclassification, reclassified, reclassify, regulatory, Release, relevant, rendered, repeal, replenishment, reserve, resource, retained, return, Returned, revised, Robinson, SAB, salary, scale, secure, shift, Shortly, single, spanning, Sprite, standalone, stemming, stockholder, straight, stranded, strong, subtotal, SunTrust, thereof, top, transformation, typically, Ultra, underway, Underwriting, undiscounted, Vanilla, Violet, Wachovia

Removed: account, acquire, acquiring, Agent, agreeing, Alexandria, allied, amendment, ASC, assessment, authorize, automatically, Baltimore, binding, Capitol, charitable, Cincinnati, close, consummation, contour, Cumberland, Dasani, Dayton, Deborah, Deferral, depend, determine, distinguished, division, Easton, EITF, entrance, Everhart, exchanging, existing, expired, Fanta, formula, Fruit, Hagerstown, identifying, implementation, individual, intent, kind, La, letter, Lima, LOI, Louisa, matured, mechanism, media, originally, past, performing, Plata, Portsmouth, practicable, preliminarily, preliminary, prepare, promptly, realizable, refranchising, Refreshment, renewed, reportable, Rescission, resulted, review, Richmond, RMA, Salisbury, Sandston, secret, Silver, sleek, Spring, statutory, sublicensed, Technical, Topic, transitioning, unilaterally, unintended, Yorktown

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

COKE similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12

COCA‑COLA BOTTLING CO. CONSOLIDATED

RATIO OF EARNINGS TO FIXED CHARGES

	First Quarter			Fiscal Year
(in thousands, except ratios)	2018			2017		2016		2015		2014		2013
Computation of Earnings:
Income (loss) before income taxes	$	(26,533	)	$	63,006	$	92,712	$	99,122	$	55,618	$	44,244
Add:
Interest expense		12,067			40,928		34,475		26,905		27,337		27,474
Amortization of debt premium/discount and expenses		26			1,082		1,855		2,011		1,938		1,933
Interest portion of rent expense⁽¹⁾		1,821			6,223		4,564		2,977		2,523		2,380
Earnings (losses) as adjusted	$	(12,619	)	$	111,239	$	133,606	$	131,015	$	87,416	$	76,031

Computation of Fixed Charges:
Interest expense	$	12,067		$	40,928	$	34,475	$	26,905	$	27,337	$	27,474
Capitalized interest		133			548		489		348		173		177
Amortization of debt premium/discount and expenses		26			1,082		1,855		2,011		1,938		1,933
Interest portion of rent expense⁽¹⁾		1,821			6,223		4,564		2,977		2,523		2,380
Fixed charges	$	14,047		$	48,781	$	41,383	$	32,241	$	31,971	$	31,964

Ratio of Earnings to Fixed Charges	⁽²⁾				2.28		3.23		4.06		2.73		2.38

⁽¹⁾	Interest portion of rent expense includes one-third of net rent expense.

⁽²⁾	The ratio of earnings to fixed charges was less than 1.00 for the first quarter of 2018. The deficiency in the ratio of earnings to fixed charges was $26.6 million.