Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - NATIONAL FUEL GAS CO | l37851e10vk.htm |
| EX-21 - EX-21 - NATIONAL FUEL GAS CO | l37851exv21.htm |
| EX-32 - EX-32 - NATIONAL FUEL GAS CO | l37851exv32.htm |
| EX-31.1 - EX-31.1 - NATIONAL FUEL GAS CO | l37851exv31w1.htm |
| EX-99.2 - EX-99.2 - NATIONAL FUEL GAS CO | l37851exv99w2.htm |
| EX-10.1 - EX-10.1 - NATIONAL FUEL GAS CO | l37851exv10w1.htm |
| EX-10.2 - EX-10.2 - NATIONAL FUEL GAS CO | l37851exv10w2.htm |
| EX-23.2 - EX-23.2 - NATIONAL FUEL GAS CO | l37851exv23w2.htm |
| EX-23.1 - EX-23.1 - NATIONAL FUEL GAS CO | l37851exv23w1.htm |
| EX-99.1 - EX-99.1 - NATIONAL FUEL GAS CO | l37851exv99w1.htm |
| EX-31.2 - EX-31.2 - NATIONAL FUEL GAS CO | l37851exv31w2.htm |
EXHIBIT 12
NATIONAL FUEL GAS COMPANY
COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
UNAUDITED
COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
UNAUDITED
| Fiscal Year Ended September 30, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
EARNINGS: |
||||||||||||||||||||
Income from Continuing Operations |
$ | 100,708 | $ | 268,728 | $ | 201,675 | $ | 184,614 | $ | 138,437 | ||||||||||
Plus Income Tax Expense |
51,120 | 167,922 | 131,813 | 108,245 | 85,621 | |||||||||||||||
Less Investment Tax Credit (1) |
(697 | ) | (697 | ) | (697 | ) | (697 | ) | (697 | ) | ||||||||||
(Less Income) Plus Loss from Unconsolidated Subsidiaries (3) |
(1,562 | ) | (6,303 | ) | (4,979 | ) | (3,583 | ) | 796 | |||||||||||
Plus Distributions from Unconsolidated Subsidiaries |
2,900 | 8,280 | 1,613 | 4,651 | 1,990 | |||||||||||||||
Plus Interest Expense on Long-Term Debt |
79,419 | 70,099 | 68,446 | 72,629 | 73,244 | |||||||||||||||
Plus Other Interest Expense |
7,497 | 3,870 | 6,029 | 5,952 | 9,069 | |||||||||||||||
Less Amortization of Loss on Reacquired Debt |
(1,124 | ) | (1,156 | ) | (1,119 | ) | (1,118 | ) | (1,066 | ) | ||||||||||
Plus (Less) Allowance for Borrowed Funds Used in Construction |
1,174 | 2,100 | 374 | 296 | 201 | |||||||||||||||
Plus Rentals (2) |
1,867 | 2,229 | 2,685 | 2,810 | 3,554 | |||||||||||||||
| $ | 241,302 | $ | 515,072 | $ | 405,840 | $ | 373,799 | $ | 311,149 | |||||||||||
FIXED CHARGES: |
||||||||||||||||||||
Interest & Amortization of Premium and Discount of Funded Debt |
$ | 79,419 | $ | 70,099 | $ | 68,446 | $ | 72,629 | $ | 73,244 | ||||||||||
Plus Other Interest Expense |
7,497 | 3,870 | 6,029 | 5,952 | 9,069 | |||||||||||||||
Less Amortization of Loss on Reacquired Debt |
(1,124 | ) | (1,156 | ) | (1,119 | ) | (1,118 | ) | (1,066 | ) | ||||||||||
Plus (Less) Allowance for Borrowed Funds Used in Construction |
1,174 | 2,100 | 374 | 296 | 201 | |||||||||||||||
Plus Rentals (2) |
1,867 | 2,229 | 2,685 | 2,810 | 3,554 | |||||||||||||||
| $ | 88,833 | $ | 77,142 | $ | 76,415 | $ | 80,569 | $ | 85,002 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES |
2.72 | 6.68 | 5.31 | 4.64 | 3.66 | |||||||||||||||
| (1) | Investment Tax Credit is included in Other Income. | |
| (2) | Rentals shown above represent the portion of all rentals (other than delay rentals) deemed representative of the interest factor. | |
| (3) | Fiscal 2009 and 2005 include impairments of an investment in a partnership of $1,804 and $4,158, respectively. |