IDACORP INC - FORM 10-Q - EX-12.1 - IDACORP, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES - April 28, 2016

Attached files

file filename
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida33116ex323.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C - IDACORP INCida33116ex312.htm
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida33116ex314.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida33116ex324.htm
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida33116ex151.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida33116ex951-minesafety.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida33116ex311.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida33116ex322.htm
10-Q - 10-Q - IDACORP INCida3311610q.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida33116ex313.htm
EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF EARNINGS TO FIXED CHARGES - IDACORP INCida33116ex122.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida33116ex321.htm
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida33116ex152.htm


Exhibit 12.1
IDACORP, Inc.
Consolidated Financial Information
Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges
(Thousands of Dollars)

 
Three months ended
March 31,
Twelve Months Ended
 
December 31,
 
2016
2015
2014
2013
2012
2011
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
29,897

$
240,235

$
210,526

$
254,520

$
206,992

$
125,795

Adjust for distributed income of equity investees
2,856

1,330

(6,797
)
4,812

7,704

(8,993
)
Fixed charges, as below
23,651

93,409

90,012

90,236

87,635

86,758

Total earnings, as defined
$
56,404

$
334,974

$
293,741

$
349,568

$
302,331

$
203,560

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
23,312

$
91,978

$
88,265

$
88,695

$
85,799

$
85,097

Rental interest factor
339

1,431

1,747

1,541

1,836

1,661

Total fixed charges, as defined
$
23,651

$
93,409

$
90,012

$
90,236

$
87,635

$
86,758

Ratio of earnings to fixed charges
2.38x

3.59x

3.26x

3.87x

3.45x

2.35x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
29,897

$
240,235

$
210,526

$
254,520

$
206,992

$
125,795

Adjust for distributed income of equity investees
2,856

1,330

(6,797
)
4,812

7,704

(8,993
)
Supplemental fixed charges, as below
23,697

93,651

90,356

90,741

88,266

87,544

Total earnings, as defined
$
56,450

$
335,216

$
294,085

$
350,073

$
302,962

$
204,346

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
23,312

$
91,978

$
88,265

$
88,695

$
85,799

$
85,097

Rental interest factor
339

1,431

1,747

1,541

1,836

1,661

Supplemental increment to fixed charges (2)
46

242

344

505

631

786

Total supplemental fixed charges
$
23,697

$
93,651

$
90,356

$
90,741

$
88,266

$
87,544

Supplemental ratio of earnings to fixed charges
2.38x

3.58x

3.25x

3.86x

3.43x

2.33x

 
 
 
 
 
 
 
(1) FIN 48 interest is not included in interest charges.
(2) Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.


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