UGI UTILITIES INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 8, 2015

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EXCEL - IDEA: XBRL DOCUMENT - UGI UTILITIES INCFinancial_Report.xls
10-Q - 10-Q - UGI UTILITIES INCugiutilitiesq2331201510-q.htm
EX-32 - EXHIBIT 32 - UGI UTILITIES INCex323-31x15ugiutilities10q.htm
EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INCex3123-31x15ugiutilities10q.htm
EX-10.2 - EXHIBIT 10.2 - UGI UTILITIES INCex1023-31x15ugiutilities10q.htm
EX-10.1 - EXHIBIT 10.1 - UGI UTILITIES INCex1013-31x15ugiutilities10q.htm
EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INCex3113-31x15ugiutilities10q.htm




UGI UTILITIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - EXHIBIT 12.1
(Thousands of dollars)


 
Six Months Ended March 31,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended September 30,
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
 
 
 
 
 
 
 
 
Earnings before income taxes
$
197,079

 
$
207,929

 
$
171,010

 
$
142,971

 
$
168,693

Interest expense
21,260

 
38,471

 
39,309

 
42,412

 
42,728

Amortization of debt discount and
 
 
 
 
 
 
 
 
 
expense
445

 
575

 
731

 
814

 
1,060

Estimated interest component of
 
 
 
 
 
 
 
 
 
rental expense
1,360

 
2,398

 
2,090

 
2,121

 
1,740

 
$
220,144

 
$
249,373

 
$
213,140

 
$
188,318

 
$
214,221

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
21,260

 
$
38,471

 
$
39,309

 
$
42,412

 
$
42,728

Amortization of debt discount and
 
 
 
 
 
 
 
 
 
expense
445

 
575

 
731

 
814

 
1,060

Allowance for funds used during
 
 
 
 
 
 
 
 
 
construction (capitalized interest)
175

 
227

 
286

 
10

 
90

Estimated interest component of
 
 
 
 
 
 
 
 
 
rental expense
1,360

 
2,398

 
2,090

 
2,121

 
1,740

 
$
23,240

 
$
41,671

 
$
42,416

 
$
45,357

 
$
45,618

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
9.47

 
5.98

 
5.02

 
4.15

 
4.70




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