IDACORP INC - FORM 10-Q - EX-12.1 - IDACORP, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES - May 4, 2017

Attached files

file filename
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida33117ex3141.htm
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida33117ex1521.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C - IDACORP INCida33117ex3121.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida33117ex3221.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida33117ex3231.htm
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida33117ex1511.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida33117ex3241.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida33117ex3111.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida33117ex3131.htm
EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF EARNINGS TO FIXED CHARGES - IDACORP INCida33117ex1221.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida33117ex951-minesafety1.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida33117ex3211.htm
10-Q - 10-Q - IDACORP INCida3311710q.htm


Exhibit 12.1
IDACORP, Inc.
Consolidated Financial Information
Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges
(Thousands of Dollars)

 
Three months ended
March 31,
Twelve Months Ended
 
December 31,
 
2017
2016
2015
2014
2013
2012
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
39,189

$
234,517

$
240,235

$
210,526

$
254,520

$
206,992

Adjust for distributed income of equity investees
9,155

12,770

1,330

(6,797
)
4,812

7,704

Fixed charges, as below
23,430

93,857

93,409

90,012

90,236

87,635

Total earnings, as defined
$
71,774

$
341,144

$
334,974

$
293,741

$
349,568

$
302,331

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
23,012

$
92,229

$
91,978

$
88,265

$
88,695

$
85,799

Rental interest factor
418

1,628

1,431

1,747

1,541

1,836

Total fixed charges, as defined
$
23,430

$
93,857

$
93,409

$
90,012

$
90,236

$
87,635

Ratio of earnings to fixed charges
3.06x

3.63x

3.59x

3.26x

3.87x

3.45x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
39,189

$
234,517

$
240,235

$
210,526

$
254,520

$
206,992

Adjust for distributed income of equity investees
9,155

12,770

1,330

(6,797
)
4,812

7,704

Supplemental fixed charges, as below
23,482

94,075

93,651

90,356

90,741

88,266

Total earnings, as defined
$
71,826

$
341,362

$
335,216

$
294,085

$
350,073

$
302,962

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
23,012

$
92,229

$
91,978

$
88,265

$
88,695

$
85,799

Rental interest factor
418

1,628

1,431

1,747

1,541

1,836

Supplemental increment to fixed charges (2)
52

218

242

344

505

631

Total supplemental fixed charges
$
23,482

$
94,075

$
93,651

$
90,356

$
90,741

$
88,266

Supplemental ratio of earnings to fixed charges
3.06x

3.63x

3.58x

3.25x

3.86x

3.43x

 
 
 
 
 
 
 
(1) FIN 48 interest is not included in interest charges.
(2) Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.


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