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-12.1 - EXHIBIT 12.1 - PINNACLE WEST CAPITAL CORP | pnw20160331exhibit121.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 12.2
ARIZONA PUBLIC SERVICE COMPANY
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 | $ | 7,253 | $ | 450,274 | $ | 421,219 | $ | 424,969 | $ | 395,497 | $ | 336,249 | |||||||||||
Income taxes | 4,035 | 245,841 | 237,360 | 245,095 | 244,396 | 192,542 | |||||||||||||||||
Fixed charges | 52,362 | 199,458 | 204,198 | 202,457 | 214,227 | 238,286 | |||||||||||||||||
Total earnings | $ | 63,650 | $ | 895,573 | $ | 862,777 | $ | 872,521 | $ | 854,120 | $ | 767,077 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest charges | $ | 48,896 | $ | 187,499 | $ | 193,119 | $ | 194,616 | $ | 205,533 | $ | 229,326 | |||||||||||
Amortization of debt discount | 1,139 | 4,793 | 4,168 | 4,046 | 4,215 | 4,616 | |||||||||||||||||
Estimated interest portion of annual rents | 2,327 | 7,166 | 6,911 | 3,795 | 4,479 | 4,344 | |||||||||||||||||
Total fixed charges | $ | 52,362 | $ | 199,458 | $ | 204,198 | $ | 202,457 | $ | 214,227 | $ | 238,286 | |||||||||||
Ratio of Earnings to Fixed Charges (rounded down) | 1.21 | 4.49 | 4.22 | 4.30 | 3.98 | 3.21 | |||||||||||||||||