Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - NATIONAL FUEL GAS CO | Financial_Report.xls |
| 10-Q - 10-Q - NATIONAL FUEL GAS CO | nfg-6302014x10q.htm |
| EX-31.2 - EXHIBIT - NATIONAL FUEL GAS CO | nfg-6302014xexhibit312.htm |
| EX-31.1 - EXHIBIT - NATIONAL FUEL GAS CO | nfg-6302014xexhibit311.htm |
| EX-32 - EXHIBIT - NATIONAL FUEL GAS CO | nfg-6302014xexhibit32.htm |
| EX-99 - EXHIBIT - NATIONAL FUEL GAS CO | nfg-6302014xexhibit99.htm |
EXHIBIT 12
NATIONAL FUEL GAS COMPANY
COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
UNAUDITED
For the Twelve Months Ended | Fiscal Year Ended September 30, | ||||||||||||||
June 30, 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||
EARNINGS: | |||||||||||||||
Income from Continuing Operations | $ | 289,825 | $ | 260,001 | $ | 220,077 | $ | 258,402 | $ | 219,133 | |||||
Plus Income Tax Expense | 190,962 | 172,758 | 150,554 | 164,381 | 137,227 | ||||||||||
Less Investment Tax Credit (1) | (432 | ) | (426 | ) | (581 | ) | (697 | ) | (697 | ) | |||||
(Less Income) Plus Loss from Unconsolidated Subsidiaries | (223 | ) | 204 | 1,442 | 759 | (2,488 | ) | ||||||||
Plus Distributions from Unconsolidated Subsidiaries | — | — | — | 4,278 | 2,600 | ||||||||||
Plus Interest Expense on Long-Term Debt | 90,809 | 90,273 | 82,002 | 73,567 | 87,190 | ||||||||||
Plus Other Interest Expense | 4,401 | 3,838 | 4,238 | 4,554 | 6,756 | ||||||||||
Less Amortization of Loss on Reacquired Debt | (529 | ) | (721 | ) | (1,093 | ) | (1,093 | ) | (1,093 | ) | |||||
Plus (Less) Allowance for Borrowed Funds Used in Construction | 577 | 827 | 1,231 | 1,037 | 323 | ||||||||||
Plus (Less) Other Capitalized Interest | 2,997 | 1,801 | 2,992 | 1,516 | 1,056 | ||||||||||
Plus Rentals (2) | 13,941 | 14,204 | 12,958 | 5,003 | 1,707 | ||||||||||
$ | 592,328 | $ | 542,759 | $ | 473,820 | $ | 511,707 | $ | 451,714 | ||||||
FIXED CHARGES: | |||||||||||||||
Interest & Amortization of Premium and Discount of Funded Debt | $ | 90,809 | $ | 90,273 | $ | 82,002 | $ | 73,567 | $ | 87,190 | |||||
Plus Other Interest Expense | 4,401 | 3,838 | 4,238 | 4,554 | 6,756 | ||||||||||
Less Amortization of Loss on Reacquired Debt | (529 | ) | (721 | ) | (1,093 | ) | (1,093 | ) | (1,093 | ) | |||||
Plus (Less) Allowance for Borrowed Funds Used in Construction | 577 | 827 | 1,231 | 1,037 | 323 | ||||||||||
Plus (Less) Other Capitalized Interest | 2,997 | 1,801 | 2,992 | 1,516 | 1,056 | ||||||||||
Plus Rentals (2) | 13,941 | 14,204 | 12,958 | 5,003 | 1,707 | ||||||||||
$ | 112,196 | $ | 110,222 | $ | 102,328 | $ | 84,584 | $ | 95,939 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.28 | 4.92 | 4.63 | 6.05 | 4.71 | ||||||||||
(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. |