UGI UTILITIES INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 6, 2011

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EX-32 - EXHIBIT 32 - UGI UTILITIES INCc15607exv32.htm
EX-10.3 - EXHIBIT 10.3 - UGI UTILITIES INCc15607exv10w3.htm
EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INCc15607exv31w1.htm
EX-10.2 - EXHIBIT 10.2 - UGI UTILITIES INCc15607exv10w2.htm
EX-10.1 - EXHIBIT 10.1 - UGI UTILITIES INCc15607exv10w1.htm
EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INCc15607exv31w2.htm
10-Q - FORM 10-Q - UGI UTILITIES INCc15607e10vq.htm
UGI UTILITIES INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES — EXHIBIT 12.1
(Thousands of dollars)
                                                 
    Six        
    Months        
    Ended        
    March 31,     Year Ended September 30,  
    2011     2010     2009     2008     2007     2006  
Earnings:
                                                
Earnings before income taxes
   $ 161,547     $ 147,183     $ 125,554     $ 123,977     $ 122,766     $ 80,544  
Interest expense
     21,442       42,336       43,918       39,065       42,327       24,102  
Amortization of debt discount and expense
     622       627       625       467       462       243  
Estimated interest component of rental expense
     953       1,912       1,965       1,619       1,506       1,675  
 
                                    
 
   $ 184,564     $ 192,058     $ 172,062     $ 165,128     $ 167,061     $ 106,564  
 
                                    
 
                                                
Fixed Charges:
                                                
Interest expense
   $ 21,442     $ 42,336     $ 43,918     $ 39,065     $ 42,327     $ 24,102  
Amortization of debt discount and expense
     622       627       625       467       462       243  
Allowance for funds used during construction (capitalized interest)
     51       35       160       139       179       85  
Estimated interest component of rental expense
     953       1,912       1,965       1,619       1,506       1,675  
 
                                    
 
   $ 23,068     $ 44,910     $ 46,668     $ 41,290     $ 44,474     $ 26,105  
 
                                    
 
                                                
Ratio of earnings to fixed charges
     8.00       4.28       3.69       4.00       3.76       4.08  
 
                                    

 

 

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