Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | ex3116-30x15ugiutilities10q.htm |
| EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | ex3126-30x15ugiutilities10q.htm |
| 10-Q - 10-Q - UGI UTILITIES INC | ugiutilitiesq3630201510-q.htm |
| EX-32 - EXHIBIT 32 - UGI UTILITIES INC | ex326-30x15ugiutilities10q.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, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes | $ | 207,278 | $ | 207,929 | $ | 171,010 | $ | 142,971 | $ | 168,693 | |||||||||
Interest expense | 31,245 | 38,471 | 39,309 | 42,412 | 42,728 | ||||||||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 588 | 575 | 731 | 814 | 1,060 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,993 | 2,398 | 2,090 | 2,121 | 1,740 | ||||||||||||||
$ | 241,104 | $ | 249,373 | $ | 213,140 | $ | 188,318 | $ | 214,221 | ||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 31,245 | $ | 38,471 | $ | 39,309 | $ | 42,412 | $ | 42,728 | |||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 588 | 575 | 731 | 814 | 1,060 | ||||||||||||||
Allowance for funds used during | |||||||||||||||||||
construction (capitalized interest) | 294 | 227 | 286 | 10 | 90 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,993 | 2,398 | 2,090 | 2,121 | 1,740 | ||||||||||||||
$ | 34,120 | $ | 41,671 | $ | 42,416 | $ | 45,357 | $ | 45,618 | ||||||||||
Ratio of earnings to fixed charges | 7.07 | 5.98 | 5.02 | 4.15 | 4.70 | ||||||||||||||