EX-12 2 d547962dex12.htm EX-12

EX-12

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

Coca-Cola Bottling Co. Consolidated

Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

		Second Quarter								First Half
		2013				2012				2013				2012
Computation of Earnings:
Income before income taxes		$	19,490			$	19,470			$	27,599			$	29,032
Add:
Interest expense			6,926				8,505				13,819				17,000
Amortization of debt premium/discount and expenses			484				576				971				1,154
Interest portion of rent expense			588				487				1,108				985
Earnings as adjusted		$	27,488			$	29,038			$	43,497			$	48,171
Computation of Fixed Charges:
Interest expense		$	6,926			$	8,505			$	13,819			$	17,000
Capitalized interest			68				23				122				34
Amortization of debt premium/discount and expenses			484				576				971				1,154
Interest portion of rent expense			588				487				1,108				985
Fixed charges		$	8,066			$	9,591			$	16,020			$	19,173
Ratio of Earnings to Fixed Charges			3.41				3.03				2.72				2.51