EX-12 3 d295777dex12.htm RATIO OF EARNINGS TO FIXED CHARGES

Ratio of Earnings to Fixed Charges

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

Coca-Cola Bottling Co. Consolidated

Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

		Fiscal Year
		2011				2010				2009
Computation of Earnings:
Income before income taxes		$	51,551			$	61,191			$	57,124
Add:
Interest expense			33,669				32,831				35,176
Amortization of debt premium/discount and expenses			2,330				2,330				2,303
Interest portion of rent expense			1,746				1,656				1,496
Earnings as adjusted		$	89,296			$	98,008			$	96,099
Computation of Fixed Charges:
Interest expense		$	33,669			$	32,831			$	35,176
Capitalized interest			159				148				103
Amortization of debt premium/discount and expenses			2,330				2,330				2,303
Interest portion of rent expense			1,746				1,656				1,496
Fixed charges		$	37,904			$	36,965			$	39,078
Ratio of Earnings to Fixed Charges			2.36				2.65				2.46