Exhibit 12.1
DR PEPPER SNAPPLE GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
| For the Nine Months Ended | ||||||||||||||||||||||||||||
| September 30, | For the Fiscal Years | |||||||||||||||||||||||||||
| 2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||||||||
Calculation of Fixed Charge Ratio: | ||||||||||||||||||||||||||||
| Income (loss) before provision (benefit) for income taxes, equity in earnings of unconsolidated subsidiaries and cumulative effect of change in accounting policy | $ | 704 | $ | 506 | $ | (375 | ) | $ | 817 | $ | 805 | $ | 787 | $ | 703 | |||||||||||||
| Add/(deduct): | ||||||||||||||||||||||||||||
| Fixed charges | 174 | 219 | 285 | 274 | 273 | 218 | 188 | |||||||||||||||||||||
| Amortization of capitalized interest | 1 | 1 | 1 | 1 | 1 | — | — | |||||||||||||||||||||
| Capitalized interest | (6 | ) | (6 | ) | (8 | ) | (6 | ) | (3 | ) | (1 | ) | (2 | ) | ||||||||||||||
Total earnings available for fixed charges | $ | 874 | $ | 721 | $ | (97 | ) | $ | 1,086 | $ | 1,076 | $ | 1,004 | $ | 889 | |||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
| Interest expense | $ | 158 | $ | 199 | $ | 257 | $ | 253 | $ | 257 | $ | 210 | $ | 177 | ||||||||||||||
| Capitalized interest | 6 | 6 | 8 | 6 | 3 | 1 | 2 | |||||||||||||||||||||
Interest component of rental expense(1) | 10 | 15 | 20 | 15 | 13 | 7 | 9 | |||||||||||||||||||||
Total fixed charges | $ | 174 | $ | 219 | $ | 285 | $ | 274 | $ | 273 | $ | 218 | $ | 188 | ||||||||||||||
| Ratio of Earnings to Fixed Charges | 5.0 | x | 3.3 | x | — | 4.0 | x | 3.9 | x | 4.6 | x | 4.7 | x | |||||||||||||||
| Deficiency in the Coverage of Earnings to Fixed Charges | — | — | $ | 382 | — | — | — | — | ||||||||||||||||||||
| (1) | Represents a reasonable approximation of the interest cost component of rental expense incurred by us. |