Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - PINNACLE WEST CAPITAL CORP | Financial_Report.xls |
| EX-31.4 - EXHIBIT 31.4 - PINNACLE WEST CAPITAL CORP | exhibit314.htm |
| EX-12.1 - EXHIBIT 12.1 - PINNACLE WEST CAPITAL CORP | exhibit121.htm |
| EX-31.2 - EXHIBIT 31.2 - PINNACLE WEST CAPITAL CORP | exhibit312.htm |
| EX-32.2 - EXHIBIT 32.2 - PINNACLE WEST CAPITAL CORP | exhibit322.htm |
| EX-12.3 - EXHIBIT 12.3 - PINNACLE WEST CAPITAL CORP | exhibit123.htm |
| EX-31.3 - EXHIBIT 31.3 - PINNACLE WEST CAPITAL CORP | exhibit313.htm |
| EX-31.1 - EXHIBIT 31.1 - PINNACLE WEST CAPITAL CORP | exhibit311.htm |
| EX-32.1 - EXHIBIT 32.1 - PINNACLE WEST CAPITAL CORP | exhibit321.htm |
| 10-Q - 10-Q - PINNACLE WEST CAPITAL CORP | a09301410-q.htm |
Exhibit 12.2
ARIZONA PUBLIC SERVICE COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Nine Months Ended September 30, | Twelve Months Ended December 31, | ||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income from continuing operations attributable to common shareholders | $ | 405,484 | $ | 424,969 | $ | 395,497 | $ | 336,249 | $ | 335,663 | $ | 251,225 | |||||||||||
Income taxes | 226,054 | 245,095 | 244,396 | 192,542 | 170,465 | 152,574 | |||||||||||||||||
Fixed charges | 154,825 | 202,457 | 214,227 | 238,286 | 234,184 | 227,274 | |||||||||||||||||
Total earnings | $ | 786,363 | $ | 872,521 | $ | 854,120 | $ | 767,077 | $ | 740,312 | $ | 631,073 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest charges | $ | 146,284 | $ | 194,616 | $ | 205,533 | $ | 229,326 | $ | 225,269 | $ | 218,969 | |||||||||||
Amortization of debt discount | 3,085 | 4,046 | 4,215 | 4,616 | 4,559 | 4,675 | |||||||||||||||||
Estimated interest portion of annual rents | 5,456 | 3,795 | 4,479 | 4,344 | 4,356 | 3,630 | |||||||||||||||||
Total fixed charges | $ | 154,825 | $ | 202,457 | $ | 214,227 | $ | 238,286 | $ | 234,184 | $ | 227,274 | |||||||||||
Ratio of Earnings to Fixed Charges (rounded down) | 5.07 | 4.30 | 3.98 | 3.21 | 3.16 | 2.77 | |||||||||||||||||