Attached files
| file | filename |
|---|---|
| 8-K - 8-K - SOUTHWESTERN PUBLIC SERVICE CO | spsfinancing8-k6x9x2014.htm |
| EX-5.03 - EXHIBIT 5.03 - SOUTHWESTERN PUBLIC SERVICE CO | exhibit503.htm |
| EX-5.01 - EXHIBIT 5.01 - SOUTHWESTERN PUBLIC SERVICE CO | exhibit501fbdopinion.htm |
| EX-4.02 - EXHIBIT 4.02 - SOUTHWESTERN PUBLIC SERVICE CO | exhibit402supplementalinde.htm |
| EX-5.02 - EXHIBIT 5.02 - SOUTHWESTERN PUBLIC SERVICE CO | exhibit502.htm |
| EX-1.01 - EXHIBIT 1.01 - SOUTHWESTERN PUBLIC SERVICE CO | exhibit101underwritingagre.htm |
Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICES CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
Three Months Ended March 31, 2014 | Year Ended Dec. 31 | ||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||
Pretax income from operations | $ | 29,103 | $ | 148,938 | $ | 168,598 | $ | 145,034 | $ | 126,933 | $ | 108,245 | |||||||||||
Add: Fixed charges | 25,813 | 104,534 | 103,760 | 100,901 | 100,518 | 114,684 | |||||||||||||||||
Total earnings, as defined | $ | 54,916 | $ | 253,472 | $ | 272,358 | $ | 245,935 | $ | 227,451 | $ | 222,929 | |||||||||||
Fixed charges, as defined: | |||||||||||||||||||||||
Interest charges | $ | 19,281 | $ | 77,866 | $ | 69,074 | $ | 65,095 | $ | 63,912 | $ | 71,688 | |||||||||||
Interest component of leases | 6,532 | 26,668 | 34,686 | 35,806 | 36,606 | 42,996 | |||||||||||||||||
Total fixed charges, as defined | $ | 25,813 | $ | 104,534 | $ | 103,760 | $ | 100,901 | $ | 100,518 | $ | 114,684 | |||||||||||
Ratio of earnings to fixed charges | 2.1 | 2.4 | 2.6 | 2.4 | 2.3 | 1.9 | |||||||||||||||||