EX-12 3 coke-ex12_177.htm EX-12 coke-ex12_177.htm

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

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Computation of Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

46,483

 

 

$

23,921

 

 

$

50,949

 

 

$

28,814

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

6,227

 

 

 

6,864

 

 

 

13,070

 

 

 

13,610

 

Amortization of debt premium/discount and expenses

 

 

492

 

 

 

480

 

 

 

996

 

 

 

958

 

Interest portion of rent expense

 

 

728

 

 

 

645

 

 

 

1,387

 

 

 

1,263

 

Earnings as adjusted

 

$

53,930

 

 

$

31,910

 

 

$

66,402

 

 

$

44,645

 

Computation of Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

6,227

 

 

$

6,864

 

 

$

13,070

 

 

$

13,610

 

Capitalized interest

 

 

72

 

 

 

47

 

 

 

138

 

 

 

109

 

Amortization of debt premium/discount and expenses

 

 

492

 

 

 

480

 

 

 

996

 

 

 

958

 

Interest portion of rent expense

 

 

728

 

 

 

645

 

 

 

1,387

 

 

 

1,263

 

Fixed charges

 

$

7,519

 

 

$

8,036

 

 

$

15,591

 

 

$

15,940

 

Ratio of Earnings to Fixed Charges

 

 

7.17

 

 

 

3.97

 

 

 

4.26

 

 

 

2.80