Attached files
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| 8-K - FORM 8-K - American Water Works Company, Inc. | d63026d8k.htm |
Exhibit 99.1
American Water Works Company, Inc.
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(dollars in thousands)
| 2010 | 2011 | 2012 | 2013 | 2014 | For the six months ended June 30, 2015 |
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| Income from continuing operations before income taxes |
$ | 430,253 | $ | 502,185 | $ | 630,389 | $ | 607,937 | $ | 709,814 | $ | 337,129 | ||||||||||||
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| Fixed Charges: |
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| Interest, dividend on mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness |
325,134 | 321,685 | 316,889 | 314,908 | 304,866 | 154,747 | ||||||||||||||||||
| Interest factor in rentals |
12,231 | 11,017 | 9,222 | 7,706 | 7,222 | 3,439 | ||||||||||||||||||
| Interest costs from discontinued operations |
1,319 | 2,266 | 277 | — | — | — | ||||||||||||||||||
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| Total fixed charges |
338,684 | 334,968 | 326,388 | 322,614 | 312,088 | 158,186 | ||||||||||||||||||
| Income from continuing operations plus fixed charges |
768,937 | 837,153 | 956,777 | 930,551 | 1,021,902 | 495,315 | ||||||||||||||||||
| Preferred dividend requirements |
224 | 224 | 153 | 19 | — | — | ||||||||||||||||||
| Ratio of pre-tax income to net income |
1.68 | 1.65 | 1.69 | 1.64 | 1.65 | 1.66 | ||||||||||||||||||
| Preferred dividend factor |
377 | 371 | 258 | 31 | — | — | ||||||||||||||||||
| Total fixed charges |
338,684 | 334,968 | 326,388 | 322,614 | 312,088 | 158,186 | ||||||||||||||||||
| Total fixed charges and preferred dividends |
339,061 | 335,339 | 326,646 | 322,645 | 312,088 | 158,186 | ||||||||||||||||||
| Ratio of earnings to combined fixed charges and preferred dividends |
2.27 | 2.50 | 2.93 | 2.88 | 3.27 | 3.13 | ||||||||||||||||||
American Water Capital Corp.
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(dollars in thousands)
| 2010 | 2011 | 2012 | 2013 | 2014 | For the six months ended June 30, 2015 |
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| Income (loss) before income taxes |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
| Fixed Charges: |
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| Interest, dividend on mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness |
206,010 | 211,982 | 213,835 | 225,511 | 215,272 | 110,576 | ||||||||||||||||||
| Total fixed charges |
206,010 | 211,982 | 213,835 | 225,511 | 215,272 | 110,576 | ||||||||||||||||||
| Income (loss) plus fixed charges |
206,010 | 211,982 | 213,835 | 225,511 | 215,272 | 110,576 | ||||||||||||||||||
| Total fixed charges |
206,010 | 211,982 | 213,835 | 225,511 | 215,272 | 110,576 | ||||||||||||||||||
| Total fixed charges and preferred dividends(a) |
206,010 | 211,982 | 213,835 | 225,511 | 215,272 | 110,576 | ||||||||||||||||||
| Ratio of earnings to combined fixed charges and preferred dividends |
1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | ||||||||||||||||||
| (a) | American Water Capital Corp. had no preferred stock outstanding for any period presented, and, accordingly, the ratio of earnings to combined fixed charges and preferred stock dividends is the same as the ratio of earnings to fixed charges. |