EX-12 2 g12161kexv12.htm EXHIBIT 12 Exhibit 12
 

Exhibit 12
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
                         
    Fiscal Year  
    2007     2006     2005  
Computation of Earnings:
                        
Income before income taxes
   $ 32,239     $ 31,160     $ 38,752  
Add:
                        
Minority interest
     2,003       3,218       4,097  
Interest expense
     47,670       47,648       47,312  
Amortization of debt premium/discount and expenses
     2,678       2,638       1,967  
Interest portion of rent expense
     1,299       1,199       1,056  
 
                  
Earnings as adjusted
   $ 85,889     $ 85,863     $ 93,184  
 
                  
 
                        
Computation of Fixed Charges:
                        
Interest expense
   $ 47,670     $ 47,648     $ 47,312  
Capitalized interest
     405       531       218  
Amortization of debt premium/discount and expenses
     2,678       2,638       1,967  
Interest portion of rent expense
     1,299       1,199       1,056  
 
                  
Fixed charges
   $ 52,052     $ 52,016     $ 50,553  
 
                  
 
                        
Ratio of Earnings to Fixed Charges
     1.65       1.65       1.84