EX-12 2 d642117dex12.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)

		Fiscal Year
		2013				2012				2011
Computation of Earnings:
Income before income taxes		$	44,244			$	53,348			$	51,551
Add:
Interest expense			27,474				33,104				33,669
Amortization of debt premium/discount and expenses			1,933				2,242				2,330
Interest portion of rent expense			2,380				1,975				1,746
Earnings as adjusted		$	76,031			$	90,669			$	89,296
Computation of Fixed Charges:
Interest expense		$	27,474			$	33,104			$	33,669
Capitalized interest			177				111				159
Amortization of debt premium/discount and expenses			1,933				2,242				2,330
Interest portion of rent expense			2,380				1,975				1,746
Fixed charges		$	31,964			$	37,432			$	37,904
Ratio of Earnings to Fixed Charges			2.38				2.42				2.36