EX-12 2 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES

Ratio of earnings to fixed charges

Exhibit 12

Coca-Cola Bottling Co. Consolidated

Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

		Third Quarter						First Nine Months
		2006			2005			2006			2005
Computation of Earnings
Income before income taxes		$	8,246		$	14,885		$	24,865		$	35,942
Add:
Minority interest			841			1,201			2,546			3,162
Interest expense			12,087			11,325			35,822			35,100
Amortization of debt premium/discount and expenses			658			680			1,986			1,296
Interest portion of rent expense			301			242			889			778
Earnings as adjusted		$	22,133		$	28,333		$	66,108		$	76,278
Computation of Fixed Charges:
Interest expense		$	12,087		$	11,325		$	35,822		$	35,100
Capitalized interest			171			41			316			175
Amortization of debt premium/discount and expenses			658			680			1,986			1,296
Interest portion of rent expense			301			242			889			778
Fixed charges		$	13,217		$	12,288		$	39,013		$	37,349
Ratio of Earnings to Fixed Charges			1.67			2.31			1.69			2.04