CHESAPEAKE UTILITIES CORP - FORM 10-K - EX-12 - EXHIBIT 12 - March 8, 2011

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10-K - FORM 10-K - CHESAPEAKE UTILITIES CORPc13513e10vk.htm
EX-14.1 - EXHIBIT 14.1 - CHESAPEAKE UTILITIES CORPc13513exv14w1.htm
EX-10.6 - EXHIBIT 10.6 - CHESAPEAKE UTILITIES CORPc13513exv10w6.htm
EX-21 - EXHIBIT 21 - CHESAPEAKE UTILITIES CORPc13513exv21.htm
EX-4.9 - EXHIBIT 4.9 - CHESAPEAKE UTILITIES CORPc13513exv4w9.htm
EX-32.2 - EXHIBIT 32.2 - CHESAPEAKE UTILITIES CORPc13513exv32w2.htm
EX-23.1 - EXHIBIT 23.1 - CHESAPEAKE UTILITIES CORPc13513exv23w1.htm
EX-14.2 - EXHIBIT 14.2 - CHESAPEAKE UTILITIES CORPc13513exv14w2.htm
EX-31.1 - EXHIBIT 31.1 - CHESAPEAKE UTILITIES CORPc13513exv31w1.htm
EX-32.1 - EXHIBIT 32.1 - CHESAPEAKE UTILITIES CORPc13513exv32w1.htm
EX-31.2 - EXHIBIT 31.2 - CHESAPEAKE UTILITIES CORPc13513exv31w2.htm
EX-10.8 - EXHIBIT 10.8 - CHESAPEAKE UTILITIES CORPc13513exv10w8.htm
EX-10.13 - EXHIBIT 10.13 - CHESAPEAKE UTILITIES CORPc13513exv10w13.htm
EX-10.28 - EXHIBIT 10.28 - CHESAPEAKE UTILITIES CORPc13513exv10w28.htm
EX-10.43 - EXHIBIT 10.43 - CHESAPEAKE UTILITIES CORPc13513exv10w43.htm
EX-10.41 - EXHIBIT 10.41 - CHESAPEAKE UTILITIES CORPc13513exv10w41.htm
EX-10.30 - EXHIBIT 10.30 - CHESAPEAKE UTILITIES CORPc13513exv10w30.htm
Exhibit 12
Chesapeake Utilities Corporation
Ratio of Earnings to Fixed Charges
                                         
For the Years Ended December 31,   2010     2009 (a)     2008     2007     2006  
(in thousands, except ratio of
earnings to fixed charges)		                                  
 
Income from continuing operations
   $ 26,056     $ 15,897     $ 13,607     $ 13,218     $ 10,748  
Add:
                                        
Income taxes
     16,923       10,918       8,817       8,597       6,999  
Portion of rents representative of interest factor
     356       333       294       245       227  
Interest on indebtedness
     9,090       7,042       6,110       6,539       5,722  
Amortization of debt discount and expense
     55       43       47       51       52  
 
                              
Earnings as adjusted
   $ 52,480     $ 34,233     $ 28,875     $ 28,650     $ 23,748  
 
                              
 
                                        
Fixed Charges
                                        
Portion of rents representative of interest factor
   $ 356     $ 333     $ 294     $ 245     $ 227  
Interest on indebtedness
     9,090       7,042       6,110       6,539       5,722  
Amortization of debt discount and expense
     55       43       47       51       52  
 
                              
Fixed Charges
   $ 9,501     $ 7,418     $ 6,451     $ 6,835     $ 6,001  
 
                              
Ratio of Earnings to Fixed Charges
     5.52       4.61       4.48       4.19       3.96  
 
                              
(a)  
Includes the results from the merger with Florida Public Utilities Company, which became effective on October 28, 2009.

 

 

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