Attached files

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10-K - 10-K - NORTHWESTERN CORPnwe1231201510k.htm
EX-23.1 - EXHIBIT 23.1 AUDITOR CONSENT - NORTHWESTERN CORPexhibit231consent10k2015.htm
EX-21 - EXHIBIT 21 SUBSIDIARIES 10-K 2015 - NORTHWESTERN CORPexhibit21subsidiaries10k20.htm
EX-32.1 - EXHIBIT 32.1 CERTIFICATION OF ROBERT C. ROWE PURSUANT TO SECTION 906 - NORTHWESTERN CORPexhibit321certification10k.htm
EX-32.2 - EXHIBIT 32.2 CERTIFICATION OF BRIAN B. BIRD PURSUANT TO SECTION 906 - NORTHWESTERN CORPexhibit322certification10k.htm
EX-31.2 - EXHIBIT 31.2 CERTIFICATION OF CHIEF FINANCIAL OFFICER - NORTHWESTERN CORPexhibit312certification10k.htm
EX-31.1 - EXHIBIT 31.1 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - NORTHWESTERN CORPexhibit311certification10k.htm


Exhibit 12.1

NorthWestern Corporation
Computation of Ratio of Consolidated Earning to Consolidated Fixed Charges
 
Year ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
 
 
 
(in thousands, except ratios)
Earnings
 
 
 
 
 
 
 
 
 
Income before income taxes
$
181,246

 
$
110,414

 
$
108,284

 
$
116,495

 
$
102,621

Add: Fixed changes as below
97,806

 
82,793

 
74,280

 
68,878

 
68,852

Total
$
279,052

 
$
193,207

 
$
182,564

 
$
185,373

 
$
171,473

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest charges
$
92,153

 
$
77,802

 
$
70,486

 
$
65,062

 
$
66,859

Interest on rent expense
779

 
731

 
672

 
732

 
746

Capitalized interest and allowance for funds used during construction
4,874

 
4,260

 
3,122

 
3,084

 
1,247

Total
$
97,806

 
$
82,793

 
$
74,280

 
$
68,878

 
$
68,852

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.9

 
2.3

 
2.5

 
2.7

 
2.5