UGI UTILITIES INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - February 3, 2012

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EX-32 - EXHIBIT 32 - UGI UTILITIES INCex3212-31x2011ugiutilities.htm
EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INCex31212-31x2011ugiutilitie.htm
EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INCex31112-31x11ugiutilities1.htm
EXCEL - IDEA: XBRL DOCUMENT - UGI UTILITIES INCFinancial_Report.xls
10-Q - UGI UTILITIES FORM 10-Q - UGI UTILITIES INCugiutilities1231201110-q.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,
 
2011
 
2011
 
2010
 
2009
 
2008
 
2007
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes
$
53,998

 
$
168,693

 
$
147,183

 
$
125,554

 
$
123,977

 
$
122,766

Interest expense
10,607

 
42,728

 
42,336

 
43,918

 
39,065

 
42,327

Amortization of debt discount and
 
 
 
 
 
 
 
 
 
 
 
expense
199

 
1,060

 
627

 
625

 
467

 
462

Estimated interest component of
 
 
 
 
 
 
 
 
 
 
 
rental expense
462

 
1,740

 
1,912

 
1,965

 
1,619

 
1,506

 
$
65,266

 
$
214,221

 
$
192,058

 
$
172,062

 
$
165,128

 
$
167,061

 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
10,607

 
$
42,728

 
$
42,336

 
$
43,918

 
$
39,065

 
$
42,327

Amortization of debt discount and
 
 
 
 
 
 
 
 
 
 
 
expense
199

 
1,060

 
627

 
625

 
467

 
462

Allowance for funds used during
 
 
 
 
 
 
 
 
 
 
 
construction (capitalized interest)
2

 
90

 
74

 
160

 
139

 
179

Estimated interest component of
 
 
 
 
 
 
 
 
 
 
 
rental expense
462

 
1,740

 
1,912

 
1,965

 
1,619

 
1,506

 
$
11,270

 
$
45,618

 
$
44,949

 
$
46,668

 
$
41,290

 
$
44,474

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
5.79

 
4.70

 
4.27

 
3.69

 
4.00

 
3.76




UGI UTILITIES INC Reports