EX-12 2 g08786exv12.htm EXHIBIT 12 Exhibit 12
 

RATIO OF EARNINGS TO FIXED CHARGES
Exhibit 12
Coca-Cola Bottling Co. Consolidated
Earnings to Fixed Charges
(In Thousands, Except Ratios)
                                 
    Second Quarter     First Half  
    2007     2006     2007     2006  
Computation of Earnings
                                
Income before income taxes
   $ 19,031     $ 15,245     $ 26,681     $ 16,619  
Add:
                                
Minority interest
     1,169       1,149       1,850       1,705  
Interest expense
     12,372       12,180       24,507       23,735  
Amortization of debt premium/discount and expenses
     644       663       1,412       1,328  
Interest portion of rent expense
     371       296       676       588  
 
                        
Earnings as adjusted
   $ 33,587     $ 29,533     $ 55,126     $ 43,975  
 
                        
 
                                
Computation of Fixed Charges:
                                
Interest expense
   $ 12,372     $ 12,180     $ 24,507     $ 23,735  
Capitalized interest
     24       82       297       145  
Amortization of debt premium/discount and expenses
     644       663       1,412       1,328  
Interest portion of rent expense
     371       296       676       588  
 
                        
Fixed charges
   $ 13,411     $ 13,221     $ 26,892     $ 25,796  
 
                        
 
                                
Ratio of Earnings to Fixed Charges
     2.50       2.23       2.05       1.70