EX-12 3 g16300qexv12.htm EX-12 EX-12
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Earnings to Fixed Charges
(In Thousands, Except Ratios)
                                 
    Third Quarter     First Nine Months  
    2008     2007     2008     2007  
Computation of Earnings:
                               
Income (loss) before income taxes
  $ (3,668 )   $ 7,995     $ 14,810     $ 34,676  
Add:
                               
Minority interest
    705       110       1,726       1,960  
Interest expense
    8,810       12,413       27,976       36,920  
Amortization of debt premium/discount and expenses
    608       639       1,834       2,051  
Interest portion of rent expense
    350       313       992       989  
 
                       
Earnings as adjusted
  $ 6,805     $ 21,470     $ 47,338     $ 76,596  
 
                       
 
                               
Computation of Fixed Charges:
                               
Interest expense
  $ 8,810     $ 12,413     $ 27,976     $ 36,920  
Capitalized interest
    63       29       324       326  
Amortization of debt premium/discount and expenses
    608       639       1,834       2,051  
Interest portion of rent expense
    350       313       992       989  
 
                       
Fixed charges
  $ 9,831     $ 13,394     $ 31,126     $ 40,286  
 
                       
 
                               
Ratio of Earnings to Fixed Charges
    0.69       1.60       1.52       1.90