Attached files
EXHIBIT 12
COCA-COLA ENTERPRISES INC.
EARNINGS TO FIXED CHARGES
(in millions; except ratios)
Three Months Ended | Nine Months Ended | ||||||||||||
October 2, 2009 |
September 26, 2008 |
October 2, 2009 |
September 26, 2008 |
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Computation of Earnings: |
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Income (loss) before income taxes |
$ | 326 | $ | 275 | $ | 820 | $ | (4,632 | ) | ||||
Add: |
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Interest expense |
138 | 141 | 427 | 422 | |||||||||
Amortization of capitalized interest |
1 | | 2 | 2 | |||||||||
Amortization of debt premium/discount and expenses |
3 | 6 | 19 | 16 | |||||||||
Interest portion of rent expense |
19 | 21 | 55 | 60 | |||||||||
Earnings as adjusted |
$ | 487 | $ | 443 | $ | 1,323 | $ | (4,132 | ) | ||||
Computation of Fixed Charges: |
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Interest expense |
$ | 138 | $ | 141 | $ | 427 | $ | 422 | |||||
Capitalized interest |
| | | 2 | |||||||||
Amortization of debt premium/discount and expenses |
3 | 6 | 19 | 16 | |||||||||
Interest portion of rent expense |
19 | 21 | 55 | 60 | |||||||||
Fixed charges |
$ | 160 | $ | 168 | $ | 501 | $ | 500 | |||||
Ratio of Earnings to Fixed Charges (A) |
3.03 | 2.65 | 2.64 | n/a | (B) | ||||||||
(A) | Ratios were calculated prior to rounding to millions. |
(B) | Fixed charges exceeded our adjusted earnings by $4.6 billion for the nine months ended September 26, 2008. |