EXHIBIT 12
COCA-COLA ENTERPRISES INC.
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(In millions, except ratios)
| Year-ended December 31, | ||||||||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||
| Computation of Earnings: |
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| (Loss) income from continuing operations before income taxes |
$ | (2,118 | ) | $ | 790 | $ | 818 | $ | 972 | $ | 705 | |||||
| Add: |
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| Interest Expense |
616 | 622 | 607 | 595 | 655 | |||||||||||
| Amortization of capitalized interest |
2 | 2 | 3 | 3 | 3 | |||||||||||
| Amortization of debt premium/discount and expenses |
20 | 16 | 14 | 14 | 14 | |||||||||||
| Interest portion of rent expense |
63 | 55 | 57 | 48 | 33 | |||||||||||
| Earnings as Adjusted |
$ | (1,417 | ) | $ | 1,485 | $ | 1,499 | $ | 1,632 | $ | 1,410 | |||||
| Computation of Fixed Charges: |
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| Interest expense |
$ | 616 | $ | 622 | $ | 607 | $ | 595 | $ | 655 | ||||||
| Capitalized interest |
3 | 4 | 3 | 1 | 1 | |||||||||||
| Amortization of debt premium/discount and expenses |
20 | 16 | 14 | 14 | 14 | |||||||||||
| Interest portion of rent expense |
63 | 55 | 57 | 48 | 33 | |||||||||||
| Fixed charges |
702 | 697 | 681 | 658 | 703 | |||||||||||
| Preferred stock dividends |
— | — | — | 2 | 4 | |||||||||||
| Combined Fixed Charges and Preferred Stock Dividends |
$ | 702 | $ | 697 | $ | 681 | $ | 660 | $ | 707 | ||||||
| Ratio of Earnings to Fixed Charges (A) |
n/a | (B) | 2.13 | 2.20 | 2.48 | 2.00 | ||||||||||
| (A) |
Ratios were calculated prior to rounding to millions. |
| (B) |
Fixed charges exceeded our adjusted earnings by $2.1 billion for the year ended December 31, 2006. |