EX-12 2 g14515qexv12.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 Six Months  
    2008     2007     2008     2007  
Computation of Earnings
                                
Income before income taxes
   $ 24,898     $ 19,031     $ 18,478     $ 26,681  
Add:
                                
Minority interest
     1,360       1,169       1,021       1,850  
Interest expense
     9,347       12,372       19,167       24,507  
Amortization of debt premium/discount and expenses
     610       644       1,225       1,412  
Interest portion of rent expense
     334       371       642       676  
 
                        
Earnings as adjusted
   $ 36,549     $ 33,587     $ 40,533     $ 55,126  
 
                        
 
                                
Computation of Fixed Charges:
                                
Interest expense
   $ 9,347     $ 12,372     $ 19,167     $ 24,507  
Capitalized interest
     103       24       261       297  
Amortization of debt premium/discount and expenses
     610       644       1,225       1,412  
Interest portion of rent expense
     334       371       642       676  
 
                        
Fixed charges
   $ 10,394     $ 13,411     $ 21,295     $ 26,892  
 
                        
 
                                
Ratio of Earnings to Fixed Charges
     3.52       2.50       1.90       2.05