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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
|
Exhibit 12
COCA-COLA BOTTLING CO. CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
| Fiscal Year |
| |||||||||||||||||
(in thousands, except ratios) |
| 2017 |
|
| 2016 |
|
| 2015 |
|
| 2014 |
|
| 2013 |
| |||||
Computation of Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
| $ | 63,006 |
|
| $ | 92,712 |
|
| $ | 99,122 |
|
| $ | 55,618 |
|
| $ | 44,244 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
| 40,928 |
|
|
| 34,475 |
|
|
| 26,905 |
|
|
| 27,337 |
|
|
| 27,474 |
|
Amortization of debt premium/discount and expenses |
|
| 1,082 |
|
|
| 1,855 |
|
|
| 2,011 |
|
|
| 1,938 |
|
|
| 1,933 |
|
Interest portion of rent expense(1) |
|
| 6,223 |
|
|
| 4,564 |
|
|
| 2,977 |
|
|
| 2,523 |
|
|
| 2,380 |
|
Earnings as adjusted |
| $ | 111,239 |
|
| $ | 133,606 |
|
| $ | 131,015 |
|
| $ | 87,416 |
|
| $ | 76,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Computation of Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| $ | 40,928 |
|
| $ | 34,475 |
|
| $ | 26,905 |
|
| $ | 27,337 |
|
| $ | 27,474 |
|
Capitalized interest |
|
| 548 |
|
|
| 489 |
|
|
| 348 |
|
|
| 173 |
|
|
| 177 |
|
Amortization of debt premium/discount and expenses |
|
| 1,082 |
|
|
| 1,855 |
|
|
| 2,011 |
|
|
| 1,938 |
|
|
| 1,933 |
|
Interest portion of rent expense(1) |
|
| 6,223 |
|
|
| 4,564 |
|
|
| 2,977 |
|
|
| 2,523 |
|
|
| 2,380 |
|
Fixed charges |
| $ | 48,781 |
|
| $ | 41,383 |
|
| $ | 32,241 |
|
| $ | 31,971 |
|
| $ | 31,964 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges |
|
| 2.28 |
|
|
| 3.23 |
|
|
| 4.06 |
|
|
| 2.73 |
|
|
| 2.38 |
|
(1) | Interest portion of rent expense includes one-third of net rent expense. |