Attached files
| file | filename |
|---|---|
| 10-K - 10-K - SOUTHWEST WATER CO | a10-5591_110k.htm |
| EX-32.1 - EX-32.1 - SOUTHWEST WATER CO | a10-5591_1ex32d1.htm |
| EX-21.1 - EX-21.1 - SOUTHWEST WATER CO | a10-5591_1ex21d1.htm |
| EX-31.2 - EX-31.2 - SOUTHWEST WATER CO | a10-5591_1ex31d2.htm |
| EX-23.1 - EX-23.1 - SOUTHWEST WATER CO | a10-5591_1ex23d1.htm |
| EX-32.2 - EX-32.2 - SOUTHWEST WATER CO | a10-5591_1ex32d2.htm |
| EX-31.1 - EX-31.1 - SOUTHWEST WATER CO | a10-5591_1ex31d1.htm |
Exhibit 12
SOUTHWEST WATER COMPANY
COMPUTATION OF EARNINGS TO FIXED CHARGES RATIOS
|
|
|
Years Ended December 31,(1) |
|
|||||||||||||
|
(In thousands, except for ratio data) |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
|
2005 |
|
|||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Income (loss) from continuing operations before income taxes |
|
$ |
(21,502) |
|
$ |
(35,012) |
|
$ |
387 |
|
$ |
4,966 |
|
$ |
1,070 |
|
|
Total fixed charges |
|
11,958 |
|
11,680 |
|
11,349 |
|
10,763 |
|
10,787 |
|
|||||
|
Less: Interest capitalized |
|
(100) |
|
(338) |
|
(794) |
|
(564) |
|
(737) |
|
|||||
|
Total earnings |
|
$ |
(9,644) |
|
$ |
(23,670) |
|
$ |
10,942 |
|
$ |
15,165 |
|
$ |
11,120 |
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Interest expense, including amortization of debt discounts and issuance costs |
|
$ |
9,856 |
|
$ |
8,402 |
|
$ |
7,717 |
|
$ |
7,671 |
|
$ |
7,557 |
|
|
Interest capitalized |
|
100 |
|
338 |
|
794 |
|
564 |
|
737 |
|
|||||
|
Interest component of rentals(1) |
|
2,002 |
|
2,940 |
|
2,838 |
|
2,528 |
|
2,493 |
|
|||||
|
Total fixed charges |
|
$ |
11,958 |
|
$ |
11,680 |
|
$ |
11,349 |
|
$ |
10,763 |
|
$ |
10,787 |
|
|
Ratio of Earnings to Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Ratio |
|
— |
|
— |
|
— |
|
1.41x |
|
1.03x |
|
|||||
|
Deficiency |
|
$ |
21,602 |
|
$ |
35,350 |
|
$ |
407 |
|
$ |
— |
|
$ |
— |
|
(1) Reflects one-third of rental expense under operating leases considered to represent interest costs.