EX-12 3 d591630dex12.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)

		Third Quarter								Nine Months
		2013				2012				2013				2012
Computation of Earnings:
Income before income taxes		$	22,839			$	18,405			$	50,438			$	47,437
Add:
Interest expense			6,880				8,463				20,699				25,463
Amortization of debt premium/discount and expenses			482				572				1,453				1,726
Interest portion of rent expense			635				496				1,743				1,481
Earnings as adjusted		$	30,836			$	27,936			$	74,333			$	76,107
Computation of Fixed Charges:
Interest expense		$	6,880			$	8,463			$	20,699			$	25,463
Capitalized interest			17				28				139				62
Amortization of debt premium/discount and expenses			482				572				1,453				1,726
Interest portion of rent expense			635				496				1,743				1,481
Fixed charges		$	8,014			$	9,559			$	24,034			$	28,732
Ratio of Earnings to Fixed Charges			3.85				2.92				3.09				2.65