Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - UGI UTILITIES INC | c11716e10vq.htm |
| EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | c11716exv31w2.htm |
| EX-32 - EXHIBIT 32 - UGI UTILITIES INC | c11716exv32.htm |
| EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | c11716exv31w1.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)
| Three | ||||||||||||||||||||||||
| Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| December 31, | Year Ended September 30, | |||||||||||||||||||||||
| 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Earnings before income taxes |
$ | 68,247 | $ | 147,183 | $ | 125,554 | $ | 123,977 | $ | 122,766 | $ | 80,544 | ||||||||||||
Interest expense |
10,633 | 42,336 | 43,918 | 39,065 | 42,327 | 24,102 | ||||||||||||||||||
Amortization of debt discount and expense |
122 | 627 | 625 | 467 | 462 | 243 | ||||||||||||||||||
Estimated interest component of rental expense |
466 | 1,912 | 1,965 | 1,619 | 1,506 | 1,675 | ||||||||||||||||||
| $ | 79,468 | $ | 192,058 | $ | 172,062 | $ | 165,128 | $ | 167,061 | $ | 106,564 | |||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest expense |
$ | 10,633 | $ | 42,336 | $ | 43,918 | $ | 39,065 | $ | 42,327 | $ | 24,102 | ||||||||||||
Amortization of debt discount and expense |
122 | 627 | 625 | 467 | 462 | 243 | ||||||||||||||||||
Allowance for funds used during
construction (capitalized interest) |
12 | 35 | 160 | 139 | 179 | 85 | ||||||||||||||||||
Estimated interest component of rental expense |
466 | 1,912 | 1,965 | 1,619 | 1,506 | 1,675 | ||||||||||||||||||
| $ | 11,233 | $ | 44,910 | $ | 46,668 | $ | 41,290 | $ | 44,474 | $ | 26,105 | |||||||||||||
Ratio of earnings to fixed charges |
7.07 | 4.28 | 3.69 | 4.00 | 3.76 | 4.08 | ||||||||||||||||||