Attached files
| file | filename |
|---|---|
| 10-K/A - UGI UTILITIES INC.--FORM 10-K/A #1 - UGI UTILITIES INC | d449803d10ka.htm |
| EX-31.2 - CERTIFICATION - UGI UTILITIES INC | d449803dex312.htm |
| EX-31.1 - CERTIFICATION - UGI UTILITIES INC | d449803dex311.htm |
EXHIBIT 12.1
UGI UTILITIES INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES—EXHIBIT 12.1
(Thousands of dollars)
| Year Ended September 30, | ||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
| Earnings: |
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| Earnings before income taxes |
$ | 142,971 | $ | 168,693 | $ | 147,183 | $ | 125,554 | $ | 123,977 | ||||||||||
| Interest expense |
42,412 | 42,728 | 42,336 | 43,918 | 39,065 | |||||||||||||||
| Amortization of debt discount and expense |
814 | 1,060 | 627 | 625 | 467 | |||||||||||||||
| Estimated interest component of rental expense |
2,121 | 1,740 | 1,912 | 1,965 | 1,619 | |||||||||||||||
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| $ | 188,318 | $ | 214,221 | $ | 192,058 | $ | 172,062 | $ | 165,128 | |||||||||||
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| Fixed Charges: |
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| Interest expense |
$ | 42,412 | $ | 42,728 | $ | 42,336 | $ | 43,918 | $ | 39,065 | ||||||||||
| Amortization of debt discount and expense |
814 | 1,060 | 627 | 625 | 467 | |||||||||||||||
| Allowance for funds used during construction (capitalized interest) |
10 | 90 | 74 | 160 | 139 | |||||||||||||||
| Estimated interest component of rental expense |
2,121 | 1,740 | 1,912 | 1,965 | 1,619 | |||||||||||||||
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| $ | 45,357 | $ | 45,618 | $ | 44,949 | $ | 46,668 | $ | 41,290 | |||||||||||
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| Ratio of earnings to fixed charges |
4.15 | 4.70 | 4.27 | 3.69 | 4.00 | |||||||||||||||
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