EX-12 2 coke-ex12_197.htm EX-12 coke-ex12_197.htm

 

Exhibit 12

 

 

RATIO OF EARNINGS TO FIXED CHARGES

Coca-Cola Bottling Co. Consolidated

Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

 

 

 

Third Quarter

 

 

Nine Months

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Computation of Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

39,658

 

 

$

21,113

 

 

$

90,607

 

 

$

49,927

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

6,191

 

 

 

6,853

 

 

 

19,261

 

 

 

20,463

 

Amortization of debt premium/discount and expenses

 

 

495

 

 

 

480

 

 

 

1,491

 

 

 

1,438

 

Interest portion of rent expense

 

 

779

 

 

 

637

 

 

 

2,166

 

 

 

1,900

 

Earnings as adjusted

 

$

47,123

 

 

$

29,083

 

 

$

113,525

 

 

$

73,728

 

Computation of Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

6,191

 

 

$

6,853

 

 

$

19,261

 

 

$

20,463

 

Capitalized interest

 

 

81

 

 

 

22

 

 

 

219

 

 

 

131

 

Amortization of debt premium/discount and expenses

 

 

495

 

 

 

480

 

 

 

1,491

 

 

 

1,438

 

Interest portion of rent expense

 

 

779

 

 

 

637

 

 

 

2,166

 

 

 

1,900

 

Fixed charges

 

$

7,546

 

 

$

7,992

 

 

$

23,137

 

 

$

23,932

 

Ratio of Earnings to Fixed Charges

 

 

6.24

 

 

 

3.64

 

 

 

4.91

 

 

 

3.08