Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - UGI UTILITIES INC | c91709e10vk.htm |
| EX-32 - EXHIBIT 32 - UGI UTILITIES INC | c91709exv32.htm |
| EX-23 - EXHIBIT 23 - UGI UTILITIES INC | c91709exv23.htm |
| EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | c91709exv31w1.htm |
| EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | c91709exv31w2.htm |
| EX-10.10 - EXHIBIT 10.10 - UGI UTILITIES INC | c91709exv10w10.htm |
| EX-10.18 - EXHIBIT 10.18 - UGI UTILITIES INC | c91709exv10w18.htm |
UGI
UTILITIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES — EXHIBIT 12.1
(Thousands of dollars)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES — EXHIBIT 12.1
(Thousands of dollars)
| Year Ended September 30, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Earnings before income taxes |
$ | 125,554 | $ | 123,977 | $ | 122,766 | $ | 80,544 | $ | 84,953 | ||||||||||
Interest expense |
43,918 | 39,065 | 42,327 | 24,102 | 18,079 | |||||||||||||||
Amortization of debt discount and expense |
625 | 467 | 462 | 243 | 247 | |||||||||||||||
Estimated interest component of rental expense |
1,965 | 1,619 | 1,506 | 1,675 | 1,568 | |||||||||||||||
| $ | 172,062 | $ | 165,128 | $ | 167,061 | $ | 106,564 | $ | 104,847 | |||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense |
$ | 43,918 | $ | 39,065 | $ | 42,327 | $ | 24,102 | $ | 18,079 | ||||||||||
Amortization of debt discount and expense |
625 | 467 | 462 | 243 | 247 | |||||||||||||||
Allowance for funds used during
construction (capitalized interest) |
160 | 139 | 179 | 85 | 22 | |||||||||||||||
Estimated interest component of rental expense |
1,965 | 1,619 | 1,506 | 1,675 | 1,568 | |||||||||||||||
| $ | 46,668 | $ | 41,290 | $ | 44,474 | $ | 26,105 | $ | 19,916 | |||||||||||
Ratio of earnings to fixed charges |
3.69 | 4.00 | 3.76 | 4.08 | 5.26 | |||||||||||||||