Attached files
| file | filename |
|---|---|
| EX-31.(B) - EX-31.(B) - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-31_b.htm |
| EX-24 - EX-24 - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-24.htm |
| EX-23 - EX-23 - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-23.htm |
| EX-21 - EX-21 - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-21.htm |
| 10-K - 10-K - EMPIRE DISTRICT ELECTRIC CO | a2227419z10-k.htm |
| EX-31.(A) - EX-31.(A) - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-31_a.htm |
| EX-10.(R) - EX-10.(R) - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-10_r.htm |
| EX-32.(B) - EX-32.(B) - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-32_b.htm |
| EX-10.(Q) - EX-10.(Q) - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-10_q.htm |
| EX-32.(A) - EX-32.(A) - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-32_a.htm |
| EX-10.(N) - EX-10.(N) - EMPIRE DISTRICT ELECTRIC CO | a2227419zex-10_n.htm |
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EXHIBIT (12)
Computation of Ratios of Earnings to Fixed Charges
Year ended December 31,
| |
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income before provision for income taxes and fixed charges (Note A) |
$ | 145,179,076 | $ | 158,919,435 | $ | 152,117,322 | $ | 137,251,581 | $ | 136,980,092 | ||||||
| | | | | | | | | | | | | | | | | |
Fixed Charges: |
||||||||||||||||
Interest on long-term debt |
$ | 43,801,555 | $ | 40,636,896 | $ | 40,354,153 | $ | 40,192,347 | $ | 42,580,987 | ||||||
Interest on short-term debt |
265,523 | 113,333 | 59,504 | 187,132 | 86,406 | |||||||||||
Other interest |
1,035,399 | 989,627 | 1,064,869 | 1,087,719 | (1,147,472 | ) | ||||||||||
Rental expense representative of an interest factor (Note B) |
9,667,300 | 10,855,975 | 9,700,747 | 5,944,675 | 6,190,709 | |||||||||||
| | | | | | | | | | | | | | | | | |
TOTAL FIXED CHARGES |
$ | 54,769,777 | $ | 52,595,831 | $ | 51,179,273 | $ | 47,411,873 | $ | 47,710,630 | ||||||
Ratio of earnings to fixed charges |
2.65 | 3.02 | 2.97 | 2.89 | 2.87 | |||||||||||
NOTE A: For the purpose of determining earnings in the calculation of the ratio, net income has been increased by the provision for income taxes, non-operating income taxes and by the sum of fixed charges as shown above.
NOTE B: One-third of rental expense (which approximates the interest factor).
Computation of Ratios of Earnings to Fixed Charges Year ended December 31,