EX-12 3 d839674dex12.htm 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 |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Computation of Earnings: |  |  |  |  |  |  |  |  |  |  |  |
Income before income taxes |  | $ | 55,618 |  |  | $ | 44,244 |  |  | $ | 53,348 |
Add: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 27,337 |  |  |  | 27,474 |  |  |  | 33,104 |
Amortization of debt premium/discount and expenses |  |  | 1,938 |  |  |  | 1,933 |  |  |  | 2,242 |
Interest portion of rent expense |  |  | 2,523 |  |  |  | 2,380 |  |  |  | 1,975 |
Earnings as adjusted |  | $ | 87,416 |  |  | $ | 76,031 |  |  | $ | 90,669 |
Computation of Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | 27,337 |  |  | $ | 27,474 |  |  | $ | 33,104 |
Capitalized interest |  |  | 173 |  |  |  | 177 |  |  |  | 111 |
Amortization of debt premium/discount and expenses |  |  | 1,938 |  |  |  | 1,933 |  |  |  | 2,242 |
Interest portion of rent expense |  |  | 2,523 |  |  |  | 2,380 |  |  |  | 1,975 |
Fixed charges |  | $ | 31,971 |  |  | $ | 31,964 |  |  | $ | 37,432 |
Ratio of Earnings to Fixed Charges |  |  | 2.73 |  |  |  | 2.38 |  |  |  | 2.42 |