Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - UGI UTILITIES INC | c95322e10vq.htm |
| EX-32 - EXHIBIT 32 - UGI UTILITIES INC | c95322exv32.htm |
| EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | c95322exv31w2.htm |
| EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | c95322exv31w1.htm |
UGI UTILITIES INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES — EXHIBIT 12.1
(Thousands of dollars)
| Three | ||||||||||||||||||||
| Months | ||||||||||||||||||||
| Ended | ||||||||||||||||||||
| December 31, | Year Ended September 30, | |||||||||||||||||||
| 2009 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Earnings before income taxes |
$ | 58,636 | $ | 125,554 | $ | 123,977 | $ | 122,766 | $ | 80,544 | ||||||||||
Interest expense |
10,637 | 43,918 | 39,065 | 42,327 | 24,102 | |||||||||||||||
Amortization of debt discount and expense |
157 | 625 | 467 | 462 | 243 | |||||||||||||||
Estimated interest component of rental expense |
405 | 1,965 | 1,619 | 1,506 | 1,675 | |||||||||||||||
| $ | 69,835 | $ | 172,062 | $ | 165,128 | $ | 167,061 | $ | 106,564 | |||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense |
$ | 10,637 | $ | 43,918 | $ | 39,065 | $ | 42,327 | $ | 24,102 | ||||||||||
Amortization of debt discount and expense |
157 | 625 | 467 | 462 | 243 | |||||||||||||||
Allowance for funds used during
construction (capitalized interest) |
3 | 160 | 139 | 179 | 85 | |||||||||||||||
Estimated interest component of rental expense |
405 | 1,965 | 1,619 | 1,506 | 1,675 | |||||||||||||||
| $ | 11,202 | $ | 46,668 | $ | 41,290 | $ | 44,474 | $ | 26,105 | |||||||||||
Ratio of earnings to fixed charges |
6.23 | 3.69 | 4.00 | 3.76 | 4.08 | |||||||||||||||