EX-12 2 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12

 

Coca-Cola Bottling Co. Consolidated

Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

 

     Fiscal Year
     2006    2005    2004

Computation of Earnings

         

Income before income taxes

    $ 31,160    $ 38,752    $ 36,550

Add:

         

Minority interest

      3,218      4,097      3,816

Interest expense

      47,648      47,312      42,882

Amortization of debt premium/discount and expenses

      2,638      1,967      1,101

Interest portion of rent expense

      1,199      1,056      1,160
                    

Earnings as adjusted

    $ 85,863    $ 93,184    $ 85,509
                    

Computation of Fixed Charges:

         

Interest expense

    $ 47,648    $ 47,312    $ 42,882

Capitalized interest

      531      218      302

Amortization of debt premium/discount and expenses

      2,638      1,967      1,101

Interest portion of rent expense

      1,199      1,056      1,160
                    

Fixed charges

    $ 52,016    $ 50,553    $ 45,445
                    

Ratio of Earnings to Fixed Charges

      1.65      1.84      1.88