Attached files
file | filename |
---|---|
EX-31.1 - EXHIBIT 31.1 - CALIFORNIA WATER SERVICE GROUP | cwt-20151231xex311.htm |
EX-32 - EXHIBIT 32 - CALIFORNIA WATER SERVICE GROUP | cwt-20151231xex32.htm |
EX-21 - EXHIBIT 21 - CALIFORNIA WATER SERVICE GROUP | cwt-20151231xex21.htm |
EX-31.2 - EXHIBIT 31.2 - CALIFORNIA WATER SERVICE GROUP | cwt-20151231xex312.htm |
10-K - 10-K - CALIFORNIA WATER SERVICE GROUP | cwt-12312015x10k.htm |
EX-23.1 - EXHIBIT 23.1 - CALIFORNIA WATER SERVICE GROUP | cwt-20151231xex231.htm |
Exhibit 12.1
California Water Service Group
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)
Years Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income tax expense | $ | 70,307 | $ | 84,710 | $ | 67,723 | $ | 70,279 | $ | 60,878 | |||||||||
Fixed charges interest expense | 29,467 | 28,765 | 31,179 | 32,354 | 32,455 | ||||||||||||||
Capitalized interest | (1,915 | ) | (1,535 | ) | (2,038 | ) | (3,401 | ) | (2,741 | ) | |||||||||
Total | 97,859 | 111,940 | 96,864 | 99,232 | 90,592 | ||||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expensed & capitalized, & amortization of capitalized expense related to indebtedness | 29,185 | 28,483 | 30,897 | 32,072 | 32,455 | ||||||||||||||
Estimated interest component of rent expense | $ | 282 | $ | 282 | $ | 282 | $ | 282 | $ | 474 | |||||||||
Total | 29,467 | 28,765 | 31,179 | 32,354 | 32,929 | ||||||||||||||
Ratio of earnings to fixed charges | 3.32 | 3.89 | 3.11 | 3.07 | 2.75 |