EX-12 2 a2014q1ex12cce.htm RATIO OF EARNINGS TO FIXED CHARGES 2014 Q1 Ex 12 CCE


EXHIBIT 12
COCA-COLA ENTERPRISES, INC.
EARNINGS TO FIXED CHARGES
(in millions; except ratios)
 
 
First Quarter
 
2014
 
2013
Computation of Earnings:
 
 
 
   Income before income taxes
$
155

 
$
84

      Add:
 
 
 
         Interest expense
28

 
26

         Amortization of debt premium/discount and expenses
1

 
1

         Interest portion of rent expense
6

 
8

   Earnings as adjusted
$
190

  
$
119

Computation of Fixed Charges:
 
 
 
   Interest expense
$
28

 
$
26

   Amortization of debt premium/discount and expenses
1

 
1

   Interest portion of rent expense
6

 
8

   Fixed charges
$
35

  
$
35

Ratio of Earnings to Fixed Charges(A)
5.42

 
3.43

___________________________ 
(A)
Ratios were calculated prior to rounding to millions.