Attached files
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| 8-K - FORM 8-K - SPIRE INC | d362368d8k.htm |
Exhibit 12.1
SPIRE INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| (Dollars in Millions) | Years Ended September 30, | Three Months December 31, |
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2016 | |||||||||||||||||||
| Earnings |
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| Income before income taxes |
$ | 88.9 | $ | 70.4 | $ | 116.9 | $ | 199.1 | $ | 213.7 | $ | 67.5 | ||||||||||||
| Add: Fixed Charges (from below) |
26.5 | 30.6 | 48.3 | 78.0 | 80.8 | 23.1 | ||||||||||||||||||
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| Total Earnings |
$ | 115.4 | $ | 101.0 | $ | 165.2 | $ | 277.1 | $ | 294.5 | $ | 90.6 | ||||||||||||
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| Fixed Charges |
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| Interest on long-term debt |
$ | 23.0 | $ | 25.5 | $ | 39.3 | $ | 66.6 | $ | 67.6 | $ | 19.1 | ||||||||||||
| Other interest charges |
2.0 | 3.1 | 6.9 | 8.0 | 9.6 | 3.0 | ||||||||||||||||||
| One third of applicable rentals charged to operating expense (which approximates the interest portion) |
1.5 | 2.0 | 2.1 | 3.4 | 3.4 | 0.9 | ||||||||||||||||||
| Add back: Allowance for borrowed funds used during construction |
— | — | — | — | 0.2 | 0.1 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 26.5 | $ | 30.6 | $ | 48.3 | $ | 78.0 | $ | 80.8 | $ | 23.1 | ||||||||||||
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| Ratios of Earnings to Fixed Charges |
4.35 | 3.30 | 3.41 | 3.55 | 3.64 | 3.92 | ||||||||||||||||||