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Content analysis
?Positive | ||
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H.S. freshman Avg
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Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
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| 2015 |
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| 2014 |
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| 2013 |
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Computation of Earnings: |
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|
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Income before income taxes |
| $ |
| 99,122 |
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|
| $ |
| 55,618 |
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|
| $ |
| 44,244 |
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Add: |
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Interest expense |
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| 26,905 |
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| 27,337 |
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|
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| 27,474 |
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Amortization of debt premium/discount and expenses |
|
| 2011 |
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|
|
| 1938 |
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|
|
|
| 1,933 |
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Interest portion of rent expense |
|
| 2977 |
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|
|
| 2523 |
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|
| 2,380 |
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Earnings as adjusted |
| $ |
| 131,015 |
|
|
| $ |
| 87,416 |
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|
| $ |
| 76,031 |
|
Computation of Fixed Charges: |
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Interest expense |
| $ |
| 26,905 |
|
|
| $ |
| 27,337 |
|
|
| $ |
| 27,474 |
|
Capitalized interest |
|
| 348 |
|
|
|
| 173 |
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|
|
| 177 |
| |||
Amortization of debt premium/discount and expenses |
|
| 2011 |
|
|
|
| 1938 |
|
|
|
|
| 1,933 |
| ||
Interest portion of rent expense |
|
| 2977 |
|
|
|
| 2523 |
|
|
|
|
| 2,380 |
| ||
Fixed charges |
| $ |
| 32,241 |
|
|
| $ |
| 31,971 |
|
|
| $ |
| 31,964 |
|
Ratio of Earnings to Fixed Charges |
|
| 4.06 |
|
|
|
| 2.73 |
|
|
|
| 2.38 |
|