Attached files
file | filename |
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EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | ex3123-31x16ugiutilities10q.htm |
EX-10.2 - EXHIBIT 10.2 - UGI UTILITIES INC | ex102ugiutilities10q.htm |
EX-32 - EXHIBIT 32 - UGI UTILITIES INC | ex323-31x16ugiutilities10q.htm |
EX-10.1 - EXHIBIT 10.1 - UGI UTILITIES INC | ex101ugiutilities10q.htm |
EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | ex3113-31x16ugiutilities10q.htm |
10-Q - 10-Q - UGI UTILITIES INC | ugiutilitiesq2331201610-q.htm |
UGI UTILITIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - EXHIBIT 12.1
(Thousands of dollars)
Six Months Ended March 31, | |||||||||||||||||||
Year Ended September 30, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes | $ | 144,013 | $ | 200,539 | $ | 207,929 | $ | 171,010 | $ | 142,971 | |||||||||
Interest expense | 18,626 | 40,400 | 37,897 | 38,578 | 41,599 | ||||||||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 138 | 728 | 575 | 731 | 814 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,298 | 2,728 | 2,398 | 2,090 | 2,121 | ||||||||||||||
$ | 164,075 | $ | 244,395 | $ | 248,799 | $ | 212,409 | $ | 187,505 | ||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 18,626 | $ | 40,400 | $ | 37,897 | $ | 38,578 | $ | 41,599 | |||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 138 | 728 | 575 | 731 | 814 | ||||||||||||||
Allowance for funds used during | |||||||||||||||||||
construction (capitalized interest) | 215 | 407 | 227 | 286 | 10 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,298 | 2,728 | 2,398 | 2,090 | 2,121 | ||||||||||||||
$ | 20,277 | $ | 44,263 | $ | 41,097 | $ | 41,685 | $ | 44,544 | ||||||||||
Ratio of earnings to fixed charges | 8.09 | 5.52 | 6.05 | 5.10 | 4.21 |