SEMPRA ENERGY - FORM 10-Q - EX-12 - EXHIBIT 12.1 - May 4, 2016

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EX-32 - EXHIBIT 32.5 - SEMPRA ENERGYscg_arriola325qtr.htm
EX-10 - EXHIBIT 10.1 - SEMPRA ENERGYexhibit101.htm
10-Q - FORM 10-Q - SEMPRA ENERGYsre10q03312016.htm
EX-12 - EXHIBIT 12.2 - SEMPRA ENERGYsdgeexhibit122.htm
EX-12 - EXHIBIT 12.3 - SEMPRA ENERGYsocalexhibit123.htm
EX-31 - EXHIBIT 31.1 - SEMPRA ENERGYsempra_dreed311qtr.htm
EX-31 - EXHIBIT 31.2 - SEMPRA ENERGYsempra_householder312qtr.htm
EX-31 - EXHIBIT 31.3 - SEMPRA ENERGYsdge_martin313qtr.htm
EX-31 - EXHIBIT 31.4 - SEMPRA ENERGYsdge_folkmann314qtr.htm
EX-31 - EXHIBIT 31.5 - SEMPRA ENERGYscg_arriola315qtr.htm
EX-31 - EXHIBIT 31.6 - SEMPRA ENERGYscg_folkmann316qtr.htm
EX-32 - EXHIBIT 32.1 - SEMPRA ENERGYsempra_dreed321qtr.htm
EX-32 - EXHIBIT 32.2 - SEMPRA ENERGYsempra_householder322qtr.htm
EX-32 - EXHIBIT 32.3 - SEMPRA ENERGYsdge_martin323qtr.htm
EX-32 - EXHIBIT 32.4 - SEMPRA ENERGYsdge_folkmann324qtr.htm
EX-32 - EXHIBIT 32.6 - SEMPRA ENERGYscg_folkmann326qtr.htm
10-Q - FORM 10-Q (PDF COURTESY COPY) - SEMPRA ENERGYsre10q03312016.pdf

EXHIBIT 12.1

SEMPRA ENERGY

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

 

2011

 

 

2012

 

 

2013

 

 

2014

 

 

2015

 

 

2016

Fixed charges and preferred stock dividends:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

549

 

$

601

 

$

620

 

$

636

 

$

677

 

$

176

Interest portion of annual rentals

 

 

2

 

 

2

 

 

2

 

 

3

 

 

2

 

 

1

Preferred dividends of subsidiaries (1)

 

 

10

 

 

6

 

 

6

 

 

1

 

 

2

 

 

-

Total fixed charges

 

 

561

 

 

609

 

 

628

 

 

640

 

 

681

 

 

177

Preferred dividends for purpose of ratio

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

 

-

Combined fixed charges and preferred

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  dividends for purpose of ratio                       

 

$

561

 

$

609

 

$

628

 

$

640

 

$

681

 

$

177

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations before

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  adjustment for income or loss from equity investees

 

$

1,747

 

$

1,255

 

$

1,399

 

$

1,443

 

$

1,600

 

$

477

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Total fixed charges (from above)

 

 

561

 

 

609

 

 

628

 

 

640

 

 

681

 

 

177

 Distributed income of equity investees

 

 

96

 

 

50

 

 

51

 

 

61

 

 

83

 

 

40

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Interest capitalized

 

 

27

 

 

53

 

 

23

 

 

40

 

 

69

 

 

18

 Preferred dividends of subsidiaries (1)

 

 

10

 

 

6

 

 

6

 

 

1

 

 

2

 

 

-

Total earnings for purpose of ratio

 

$

2,367

 

$

1,855

 

$

2,049

 

$

2,103

 

$

2,293

 

$

676

Ratio of earnings to combined fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  and preferred stock dividends

 

 

4.22

 

 

3.05

 

 

3.26

 

 

3.29

 

 

3.37

 

 

3.82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

4.22

 

 

3.05

 

 

3.26

 

 

3.29

 

 

3.37

 

 

3.82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

In computing this ratio, “Preferred dividends of subsidiaries” represents the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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