EX-12 3 g17639exv12.htm EX-12 EX-12
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Earnings to Fixed Charges
(In Thousands, Except Ratios)
                         
    Fiscal Year  
    2008     2007     2006  
Computation of Earnings:
                        
Income before income taxes
   $ 17,485     $ 32,239     $ 31,160  
Add:
                        
Minority interest
     2,392       2,003       3,218  
Interest expense
     37,231       47,670       47,648  
Amortization of debt premium/discount and expenses
     2,449       2,678       2,638  
Interest portion of rent expense
     1,325       1,299       1,199  
 
                  
Earnings as adjusted
   $ 60,882     $ 85,889     $ 85,863  
 
                  
 
                        
Computation of Fixed Charges:
                        
Interest expense
   $ 37,231     $ 47,670     $ 47,648  
Capitalized interest
     375       405       531  
Amortization of debt premium/discount and expenses
     2,449       2,678       2,638  
Interest portion of rent expense
     1,325       1,299       1,199  
 
                  
Fixed charges
   $ 41,380     $ 52,052     $ 52,016  
 
                  
 
                        
Ratio of Earnings to Fixed Charges
     1.47       1.65       1.65