EX-12 3 g22489exv12.htm EX-12 exv12
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
                         
    Year  
    2009     2008     2007  
Computation of Earnings:
                        
Income before taxes
   $ 57,124     $ 19,877     $ 34,242  
Add:
                        
Interest expense
     35,176       37,231       47,670  
Amortization of debt premium/discount and expenses
     2,303       2,449       2,678  
Interest portion of rent expense
     1,496       1,325       1,299  
 
                  
Earnings as adjusted
   $ 96,099     $ 60,882     $ 85,889  
 
                  
 
                        
Computation of Fixed Charges:
                        
Interest expense
   $ 35,176     $ 37,231     $ 47,670  
Capitalized interest
     103       375       405  
Amortization of debt premium/discount and expenses
     2,303       2,449       2,678  
Interest portion of rent expense
     1,496       1,325       1,299  
 
                  
Fixed charges
   $ 39,078     $ 41,380     $ 52,052  
 
                  
 
                        
Ratio of Earnings to Fixed Charges
     2.46       1.47       1.65