Attached files
file | filename |
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EX-12.02 - EX-12.02 - Southwest Gas Holdings, Inc. | d553725dex1202.htm |
EX-32.02 - EX-32.02 - Southwest Gas Holdings, Inc. | d553725dex3202.htm |
EX-32.01 - EX-32.01 - Southwest Gas Holdings, Inc. | d553725dex3201.htm |
EX-31.02 - EX-31.02 - Southwest Gas Holdings, Inc. | d553725dex3102.htm |
EX-31.01 - EX-31.01 - Southwest Gas Holdings, Inc. | d553725dex3101.htm |
EX-10.02 - EX-10.02 - Southwest Gas Holdings, Inc. | d553725dex1002.htm |
EX-10.01 - EX-10.01 - Southwest Gas Holdings, Inc. | d553725dex1001.htm |
10-Q - 10-Q - Southwest Gas Holdings, Inc. | d553725d10q.htm |
Exhibit 12.01
SOUTHWEST GAS HOLDINGS, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Thousands of dollars)
For the Twelve Months Ended | ||||||||||||||||||||
Mar 31, | December 31, | |||||||||||||||||||
Continuing operations | 2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
1. Fixed charges: |
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A) Interest expense |
$ | 82,044 | $ | 77,824 | $ | 73,000 | $ | 71,661 | $ | 71,234 | ||||||||||
B) Amortization |
1,964 | 1,906 | 1,835 | 1,884 | 2,063 | |||||||||||||||
C) Interest portion of rentals |
23,561 | 22,412 | 19,438 | 16,678 | 11,802 | |||||||||||||||
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Total fixed charges |
$ | 107,569 | $ | 102,142 | $ | 94,273 | $ | 90,223 | $ | 85,099 | ||||||||||
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2. Earnings (as defined): |
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D) Pretax income from continuing operations |
$ | 256,982 | $ | 259,030 | $ | 231,523 | $ | 219,332 | $ | 219,521 | ||||||||||
Fixed Charges (1. above) |
107,569 | 102,142 | 94,273 | 90,223 | 85,099 | |||||||||||||||
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Total earnings as defined |
$ | 364,551 | $ | 361,172 | $ | 325,796 | $ | 309,555 | $ | 304,620 | ||||||||||
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3. Ratio of earnings to fixed charges |
3.39 | 3.54 | 3.46 | 3.43 | 3.58 | |||||||||||||||
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