PINNACLE WEST CAPITAL CORP - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - August 3, 2017

Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - PINNACLE WEST CAPITAL CORPa063017exhibit322.htm
EX-32.1 - EXHIBIT 32.1 - PINNACLE WEST CAPITAL CORPa063017exhibit321.htm
EX-31.4 - EXHIBIT 31.4 - PINNACLE WEST CAPITAL CORPa063017exhibit314.htm
EX-31.3 - EXHIBIT 31.3 - PINNACLE WEST CAPITAL CORPa063017exhibit313.htm
EX-31.2 - EXHIBIT 31.2 - PINNACLE WEST CAPITAL CORPa063017exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - PINNACLE WEST CAPITAL CORPa063017exhibit311.htm
EX-12.3 - EXHIBIT 12.3 - PINNACLE WEST CAPITAL CORPexhibit123-63017.htm
EX-12.2 - EXHIBIT 12.2 - PINNACLE WEST CAPITAL CORPexhibit122-63017.htm
EX-10.11.7A - EXHIBIT 10.11.7A - PINNACLE WEST CAPITAL CORPexhibit10117a-63017.htm
EX-10.11.3A - EXHIBIT 10.11.3A - PINNACLE WEST CAPITAL CORPexhibit10113a-63017.htm
EX-10.11.2A - EXHIBIT 10.11.2A - PINNACLE WEST CAPITAL CORPexhibit10112a-63017.htm
EX-10.2 - EXHIBIT 10.2 - PINNACLE WEST CAPITAL CORPexhibit102-63017.htm
EX-10.1 - EXHIBIT 10.1 - PINNACLE WEST CAPITAL CORPexhibit101-63017.htm
10-Q - 10-Q - PINNACLE WEST CAPITAL CORPpnw-6301710q.htm


Exhibit 12.1
 
PINNACLE WEST CAPITAL CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
 
 
Six  Months
Ended
June 30,
 
Twelve Months Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 

 
 

 
 

 
 

 
 

 
 

Income from continuing operations attributable to common shareholders
$
190,755

 
$
442,034

 
$
437,257

 
$
397,595

 
$
406,074

 
$
387,380

Income taxes
93,178

 
236,411

 
237,720

 
220,705

 
230,591

 
237,317

Fixed charges
111,069

 
213,973

 
202,465

 
208,226

 
206,089

 
219,437

Total earnings
$
395,002


$
892,418


$
877,442


$
826,526


$
842,754


$
844,134

Fixed Charges:
 

 
 

 
 

 
 

 
 

 
 

Interest expense
$
106,833

 
$
205,720

 
$
194,964

 
$
200,950

 
$
201,888

 
$
214,616

Estimated interest portion of annual rents
4,236

 
8,253

 
7,501

 
7,276

 
4,201

 
4,821

Total fixed charges
$
111,069


$
213,973


$
202,465


$
208,226


$
206,089


$
219,437

Ratio of Earnings to Fixed Charges (rounded down)
3.55

 
4.17

 
4.33

 
3.96

 
4.08

 
3.84




Stock widget

Investing forum

PINNACLE WEST CAPITAL CORP Reports