IDACORP INC - FORM 10-Q - EX-12.1 - IDACORP, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES - August 3, 2017

Attached files

file filename
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida63017ex951-minesafety.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida63017ex324.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida63017ex323.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida63017ex322.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida63017ex321.htm
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida63017ex314.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida63017ex313.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C - IDACORP INCida63017ex312.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida63017ex311.htm
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida63017ex152.htm
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida63017ex151.htm
EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF EARNINGS TO FIXED CHARGES - IDACORP INCida63017ex122.htm
EX-10.1 - AMENDMENT TO THE IDAHO POWER COMPANY SECURITY PLAN FOR SENIOR MANAGEMENT - IDACORP INCida63017ex101.htm
10-Q - 10-Q - IDACORP INCida6301710q.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)

 
Six months ended
June 30,
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
$
106,225

$
234,517

$
240,235

$
210,526

$
254,520

$
206,992

Adjust for distributed income of equity investees
6,063

12,770

1,330

(6,797
)
4,812

7,704

Fixed charges, as below
46,967

93,857

93,409

90,012

90,236

87,635

Total earnings, as defined
$
159,255

$
341,144

$
334,974

$
293,741

$
349,568

$
302,331

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
46,068

$
92,229

$
91,978

$
88,265

$
88,695

$
85,799

Rental interest factor
899

1,628

1,431

1,747

1,541

1,836

Total fixed charges, as defined
$
46,967

$
93,857

$
93,409

$
90,012

$
90,236

$
87,635

Ratio of earnings to fixed charges
3.39x

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
$
106,225

$
234,517

$
240,235

$
210,526

$
254,520

$
206,992

Adjust for distributed income of equity investees
6,063

12,770

1,330

(6,797
)
4,812

7,704

Supplemental fixed charges, as below
47,070

94,075

93,651

90,356

90,741

88,266

Total earnings, as defined
$
159,358

$
341,362

$
335,216

$
294,085

$
350,073

$
302,962

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
46,068

$
92,229

$
91,978

$
88,265

$
88,695

$
85,799

Rental interest factor
899

1,628

1,431

1,747

1,541

1,836

Supplemental increment to fixed charges (2)
103

218

242

344

505

631

Total supplemental fixed charges
$
47,070

$
94,075

$
93,651

$
90,356

$
90,741

$
88,266

Supplemental ratio of earnings to fixed charges
3.39x

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.


IDACORP INC Reports