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EXHIBIT 12
COCA-COLA ENTERPRISES INC.
EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(In millions except ratios)
QUARTER ENDED NINE MONTHS ENDED
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SEPT. 29, OCT. 1, SEPT. 29, OCT. 1,
2000 1999 2000 1999
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Computation of Earnings:
Earnings from continuing
operations before income
taxes .......................... $ 198 $ 156 $ 334 $ 114
Add:
Interest expense ............... 197 180 580 541
Amortization of
capitalized interest ......... 0 0 1 1
Amortization of debt premium/
discount and expenses ........ 3 7 17 22
Interest portion of rent
expense ...................... 6 7 18 21
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Earnings as Adjusted ............... $ 404 $ 350 $ 950 $ 699
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Computation of Fixed Charges:
Interest expense ................. $ 197 $ 180 $ 580 $ 541
Capitalized interest ............. 0 0 2 2
Amortization of debt premium/
discount and expenses .......... 3 7 17 22
Interest portion of rent
expense ........................ 6 7 18 21
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Fixed Charges ...................... 206 194 617 586
Preferred Stock Dividends (a) ...... 1 1 4 4
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Combined Fixed Charges and
Preferred Stock Dividends ....... $ 207 $ 195 $ 621 $ 590
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Ratio of Earnings to Fixed
Charges (b) ..................... 1.96 1.80 1.54 1.19
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Ratio of Earnings to Combined
Fixed Charges and Preferred
Stock Dividends (b) ............. 1.95 1.79 1.53 1.19
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(a) Preferred stock dividends have been increased to an amount representing the
pretax earnings which would be required to cover such dividend
requirements.
(b) Ratios were calculated prior to rounding to millions.
