Attached files
file | filename |
---|---|
10-K - FORM 10-K - UGI UTILITIES INC | c06627e10vk.htm |
EX-32 - EXHIBIT 32 - UGI UTILITIES INC | c06627exv32.htm |
EX-23 - EXHIBIT 23 - UGI UTILITIES INC | c06627exv23.htm |
EX-21 - EXHIBIT 21 - UGI UTILITIES INC | c06627exv21.htm |
EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | c06627exv31w1.htm |
EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | c06627exv31w2.htm |
UGI UTILITIES INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1
(Thousands of dollars)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1
(Thousands of dollars)
Year Ended September 30, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Earnings before income taxes |
$ | 147,183 | $ | 125,554 | $ | 123,977 | $ | 122,766 | $ | 80,544 | ||||||||||
Interest expense |
42,336 | 43,918 | 39,065 | 42,327 | 24,102 | |||||||||||||||
Amortization of debt discount and expense |
627 | 625 | 467 | 462 | 243 | |||||||||||||||
Estimated interest component of rental expense |
1,912 | 1,965 | 1,619 | 1,506 | 1,675 | |||||||||||||||
$ | 192,058 | $ | 172,062 | $ | 165,128 | $ | 167,061 | $ | 106,564 | |||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense |
$ | 42,336 | $ | 43,918 | $ | 39,065 | $ | 42,327 | $ | 24,102 | ||||||||||
Amortization of debt discount and expense |
627 | 625 | 467 | 462 | 243 | |||||||||||||||
Allowance for funds used during
construction (capitalized interest) |
35 | 160 | 139 | 179 | 85 | |||||||||||||||
Estimated interest component of rental expense |
1,912 | 1,965 | 1,619 | 1,506 | 1,675 | |||||||||||||||
$ | 44,910 | $ | 46,668 | $ | 41,290 | $ | 44,474 | $ | 26,105 | |||||||||||
Ratio of earnings to fixed charges |
4.28 | 3.69 | 4.00 | 3.76 | 4.08 | |||||||||||||||