EX-12.1 2 dpsex1212011331.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES WebFilings | EDGAR view
Exhibit 12.1

DR PEPPER SNAPPLE GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
 
For the Three Months Ended March 31,
 
For the Fiscal Years
 
2011
 
2010
 
2009
 
2008
 
2007
Calculation of fixed charges ratio:
 
 
 
 
 
 
 
 
 
Income (loss) before provision (benefit) for income taxes, equity in earnings of unconsolidated subsidiaries and cumulative effect of change in accounting policy
$
178
 
 
$
821
 
 
$
868
 
 
$
(375
)
 
$
817
 
 
 
 
 
 
 
 
 
 
 
Add/(deduct):
 
 
 
 
 
 
 
 
 
Fixed charges
32
 
 
147
 
 
265
 
 
285
 
 
274
 
Amortization of capitalized interest
—
 
 
2
 
 
2
 
 
1
 
 
1
 
Capitalized interest
(1
)
 
(3
)
 
(8
)
 
(8
)
 
(6
)
Total earnings available for fixed charges
$
209
 
 
$
967
 
 
$
1,127
 
 
$
(97
)
 
$
1,086
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
27
 
 
$
128
 
 
$
243
 
 
$
257
 
 
$
253
 
Capitalized interest
1
 
 
3
 
 
8
 
 
8
 
 
6
 
Interest component of rental expense(1)
4
 
 
16
 
 
14
 
 
20
 
 
15
 
Total fixed charges
$
32
 
 
$
147
 
 
$
265
 
 
$
285
 
 
$
274
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
6.6x
 
 
6.6x
 
 
4.3x
 
 
—
 
 
4.0x
 
 
 
 
 
 
 
 
 
 
 
 
Deficiency in the coverage of earnings to fixed charges
$
—
 
 
$
—
 
 
$
—
 
 
$
382
 
 
$
—
 
_________________________________
(1)
Represents a reasonable estimate of the interest component of rental expense incurred by us.