Attached files
| file | filename |
|---|---|
| 10-K - 10-K - UGI UTILITIES INC | ugiutilitiesinc10-k2017.htm |
| EX-32 - EXHIBIT 32 - UGI UTILITIES INC | ex322017ugiutilitiesinc10-k.htm |
| EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | ex3122017ugiutilitiesinc10.htm |
| EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | ex3112017ugiutilitiesinc10.htm |
| EX-23 - EXHIBIT 23 - UGI UTILITIES INC | ex2312017ugiutilitiesinc10.htm |
| EX-10.8 - EXHIBIT 10.8 - UGI UTILITIES INC | a2017ugicorp10kex1026.htm |
UGI UTILITIES INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - EXHIBIT 12.1
(Thousands of dollars)
Year Ended September 30, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes | $ | 188,095 | $ | 163,271 | $ | 200,539 | $ | 207,929 | $ | 171,010 | |||||||||
Interest expense | 39,831 | 37,285 | 40,400 | 37,897 | 38,578 | ||||||||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 381 | 345 | 728 | 575 | 731 | ||||||||||||||
Estimated interest component of rental | |||||||||||||||||||
expense | 2,373 | 2,512 | 2,728 | 2,398 | 2,090 | ||||||||||||||
$ | 230,680 | $ | 203,413 | $ | 244,395 | $ | 248,799 | $ | 212,409 | ||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 39,831 | $ | 37,285 | $ | 40,400 | $ | 37,897 | $ | 38,578 | |||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 381 | 345 | 728 | 575 | 731 | ||||||||||||||
Allowance for funds used during | |||||||||||||||||||
construction (capitalized interest) | 1,608 | 602 | 407 | 227 | 286 | ||||||||||||||
Estimated interest component of rental | |||||||||||||||||||
expense | 2,373 | 2,512 | 2,728 | 2,398 | 2,090 | ||||||||||||||
$ | 44,193 | $ | 40,744 | $ | 44,263 | $ | 41,097 | $ | 41,685 | ||||||||||
Ratio of earnings to fixed charges | 5.22 | 4.99 | 5.52 | 6.05 | 5.10 | ||||||||||||||