IDACORP INC - FORM 10-Q - EX-12.1 - IDACORP, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 30, 2014

Attached files

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EXCEL - IDEA: XBRL DOCUMENT - IDACORP INCFinancial_Report.xls
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida93014ex314.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida93014ex311.htm
EX-3.15 - IDACORP, INC. AMENDED RESTATED BYLAWS - IDACORP INCexhibit315-amendedandresta.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida93014ex951-minesafety.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93014ex324.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - IDACORP INCida93014ex312.htm
EX-15.1 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93014ex151.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93014ex322.htm
EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - IDACORP INCida93014ex122.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida93014ex313.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93014ex323.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93014ex321.htm
10-Q - 10-Q - IDACORP INCida9301410q.htm
EX-3.16 - IDACORP, INC. MARKED AMENDED AND RESTATED BYLAWS - IDACORP INCexhibit316-markedamendedan.htm


Exhibit 12.1
IDACORP, Inc.
Consolidated Financial Information
Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges
(Thousands of Dollars)

 
Nine months ended
September 30,
Twelve Months Ended
 
December 31,
 
2014
2013
2012
2011
2010
2009
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
193,083

$
254,520

$
206,992

$
125,795

$
152,568

$
157,949

Adjust for distributed income of equity investees
(2,888
)
4,812

7,704

(8,993
)
(7,317
)
2,512

Fixed charges, as below
67,523

90,236

87,635

86,758

86,806

79,461

Total earnings, as defined
$
257,718

$
349,568

$
302,331

$
203,560

$
232,057

$
239,922

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
66,137

$
88,695

$
85,799

$
85,097

$
85,840

$
78,457

Rental interest factor
1,386

1,541

1,836

1,661

966

1,004

Total fixed charges, as defined
$
67,523

$
90,236

$
87,635

$
86,758

$
86,806

$
79,461

Ratio of earnings to fixed charges
3.82x

3.87x

3.45x

2.35x

2.67x

 3.02x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
193,083

$
254,520

$
206,992

$
125,795

$
152,568

$
157,949

Adjust for distributed income of equity investees
(2,888
)
4,812

7,704

(8,993
)
(7,317
)
2,512

Supplemental fixed charges, as below
67,788

90,741

88,266

87,544

87,870

80,946

Total earnings, as defined
$
257,983

$
350,073

$
302,962

$
204,346

$
233,121

$
241,407

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
66,137

$
88,695

$
85,799

$
85,097

$
85,840

$
78,457

Rental interest factor
1,386

1,541

1,836

1,661

966

1,004

Supplemental increment to fixed charges (2)
265

505

631

786

1,064

1,485

Total supplemental fixed charges
$
67,788

$
90,741

$
88,266

$
87,544

$
87,870

$
80,946

Supplemental ratio of earnings to fixed charges
3.81x

3.86x

3.43x

2.33x

2.65x

2.98x

 
 
 
 
 
 
 
(1) FIN 48 interest is not included in interest charges.
(2) Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.


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