Attached files
file | filename |
---|---|
EX-32 - EX-32 - Coca-Cola Consolidated, Inc. | coke-ex32_7.htm |
EX-31.2 - EX-31.2 - Coca-Cola Consolidated, Inc. | coke-ex312_6.htm |
EX-10.1 - EX-10.1 - Coca-Cola Consolidated, Inc. | coke-ex101_365.htm |
EX-31.1 - EX-31.1 - Coca-Cola Consolidated, Inc. | coke-ex311_8.htm |
10-Q - 10-Q - Coca-Cola Consolidated, Inc. | coke-10q_20160403.htm |
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
|
|
First Quarter |
|
|||||
|
|
2016 |
|
|
2015 |
|
||
Computation of Earnings: |
|
|
|
|
|
|
|
|
Income before income taxes |
|
$ |
(14,111 |
) |
|
$ |
4,466 |
|
Add: |
|
|
|
|
|
|
|
|
Interest expense |
|
|
8,787 |
|
|
|
6,843 |
|
Amortization of debt premium/discount and expenses |
|
|
575 |
|
|
|
504 |
|
Interest portion of rent expense |
|
|
838 |
|
|
|
659 |
|
Earnings as adjusted |
|
$ |
(3,911 |
) |
|
$ |
12,472 |
|
|
|
|
|
|
|
|
|
|
Computation of Fixed Charges: |
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
8,787 |
|
|
$ |
6,843 |
|
Capitalized interest |
|
|
230 |
|
|
|
66 |
|
Amortization of debt premium/discount and expenses |
|
|
575 |
|
|
|
504 |
|
Interest portion of rent expense |
|
|
838 |
|
|
|
659 |
|
Fixed charges |
|
$ |
10,430 |
|
|
$ |
8,072 |
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges |
|
|
(A |
) |
|
|
1.55 |
|
|
(A) |
The ratio of earnings to fixes charges was less than 1.0x for the first quarter of 2016. The deficiency in the ratio of earnings to fixed charges was $14.3 million. |