Attached files
| file | filename |
|---|---|
| EX-12.3 - EXHIBIT 12.3 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit123.htm |
| EX-10.1 - EXHIBIT 10.1 - PINNACLE WEST CAPITAL CORP | apstermloanagreementexhibi.htm |
| EX-12.2 - EXHIBIT 12.2 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit122.htm |
| EX-31.1 - EXHIBIT 31.1 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit311.htm |
| EX-31.2 - EXHIBIT 31.2 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit312.htm |
| EX-31.3 - EXHIBIT 31.3 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit313.htm |
| EX-31.4 - EXHIBIT 31.4 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit314.htm |
| EX-32.1 - EXHIBIT 32.1 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit321.htm |
| EX-32.2 - EXHIBIT 32.2 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit322.htm |
| 10-Q - 10-Q - PINNACLE WEST CAPITAL CORP | pnw2016033110-q.htm |
Exhibit 12.1
PINNACLE WEST CAPITAL CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Three Months Ended March 31, | Twelve Months Ended December 31, | ||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income from continuing operations attributable to common shareholders | $ | 4,453 | $ | 437,257 | $ | 397,595 | $ | 406,074 | $ | 387,380 | $ | 328,110 | |||||||||||
Income taxes | 1,914 | 237,720 | 220,705 | 230,591 | 237,317 | 183,604 | |||||||||||||||||
Fixed charges | 53,072 | 202,465 | 208,226 | 206,089 | 219,437 | 246,462 | |||||||||||||||||
Total earnings | $ | 59,439 | $ | 877,442 | $ | 826,526 | $ | 842,754 | $ | 844,134 | $ | 758,176 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense | $ | 50,744 | $ | 194,964 | $ | 200,950 | $ | 201,888 | $ | 214,616 | $ | 241,995 | |||||||||||
Estimated interest portion of annual rents | 2,328 | 7,501 | 7,276 | 4,201 | 4,821 | 4,467 | |||||||||||||||||
Total fixed charges | $ | 53,072 | $ | 202,465 | $ | 208,226 | $ | 206,089 | $ | 219,437 | $ | 246,462 | |||||||||||
Ratio of Earnings to Fixed Charges (rounded down) | 1.11 | 4.33 | 3.96 | 4.08 | 3.84 | 3.07 | |||||||||||||||||