EX-12 7 a4697747ex12.txt EARNINGS EXHIBIT 12 COCA-COLA ENTERPRISES INC. EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (In millions except ratios)
Quarter Ended Six Months Ended ---------------------------- --------------------- July 2, June 27, July 2, June 27, 2004 2003 2004 2003 ------------- ------------- ---------- ---------- Computation of Earnings: Income from continuing operations before income taxes $294 $374 $443 $416 Add: Interest Expense 153 152 307 289 Amortization of capitalized interest 1 1 1 1 Amortization of debt premium/discount and expenses 4 3 7 7 Interest portion of rent expense 14 10 28 19 ---- ---- ---- ---- Earnings as Adjusted $466 $540 $786 $732 ==== ==== ==== ==== Computation of Fixed Charges: Interest expense $153 $152 $307 $289 Capitalized Interest 1 - 1 - Amortization of debt premium/discount and expenses 4 3 7 7 Interest portion of rent expense 14 10 28 19 ---- ---- ---- ---- Fixed Charges $172 $165 $343 $315 Preferred stock dividends - 1 - 2 ---- ---- ---- ---- Combined Fixed Charges and Preferred Stock Dividends $172 $166 $343 $317 ==== ==== ==== ==== Ratio of Earnings to Fixed Charges (a) 2.71 3.26 2.29 2.32 ==== ==== ==== ==== Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends (a) 2.71 3.24 2.29 2.31 ==== ==== ==== ====
(a) Ratios were calculated prior to rounding to millions.