Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT - UGI UTILITIES INC | ex326-30x14ugiutilities10q.htm |
| EX-31.2 - EXHIBIT - UGI UTILITIES INC | ex3126-30x14ugiutilities10q.htm |
| EX-31.1 - EXHIBIT - UGI UTILITIES INC | ex3116-30x14ugiutilities10q.htm |
| EXCEL - IDEA: XBRL DOCUMENT - UGI UTILITIES INC | Financial_Report.xls |
| 10-Q - 10-Q - UGI UTILITIES INC | ugiutilities630201410-q.htm |
UGI UTILITIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - EXHIBIT 12.1
(Thousands of dollars)
Nine Months Ended June 30, | |||||||||||||||||||
Year Ended September 30, | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes | $ | 215,481 | $ | 171,010 | $ | 142,971 | $ | 168,693 | $ | 147,183 | |||||||||
Interest expense | 28,036 | 39,309 | 42,412 | 42,728 | 42,336 | ||||||||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 429 | 731 | 814 | 1,060 | 627 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,731 | 2,090 | 2,121 | 1,740 | 1,912 | ||||||||||||||
$ | 245,677 | $ | 213,140 | $ | 188,318 | $ | 214,221 | $ | 192,058 | ||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 28,036 | $ | 39,309 | $ | 42,412 | $ | 42,728 | $ | 42,336 | |||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 429 | 731 | 814 | 1,060 | 627 | ||||||||||||||
Allowance for funds used during | |||||||||||||||||||
construction (capitalized interest) | 194 | 286 | 10 | 90 | 74 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,731 | 2,090 | 2,121 | 1,740 | 1,912 | ||||||||||||||
$ | 30,390 | $ | 42,416 | $ | 45,357 | $ | 45,618 | $ | 44,949 | ||||||||||
Ratio of earnings to fixed charges | 8.08 | 5.02 | 4.15 | 4.70 | 4.27 | ||||||||||||||