Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - NATIONAL FUEL GAS CO | Financial_Report.xls |
| 10-Q - 10-Q - NATIONAL FUEL GAS CO | nfg-12312014x10q.htm |
| EX-99 - EXHIBIT 99 - NATIONAL FUEL GAS CO | nfg-12312014xexhibit99.htm |
| EX-32 - EXHIBIT 32 - NATIONAL FUEL GAS CO | nfg-12312014xexhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - NATIONAL FUEL GAS CO | nfg-12312014xexhibit312.htm |
| EX-10.2 - EXHIBIT 10.2 - NATIONAL FUEL GAS CO | nfg-12312014xexhibit102.htm |
| EX-10.1 - EXHIBIT 10.1 - NATIONAL FUEL GAS CO | nfg-12312014xexhibit101.htm |
| EX-31.1 - EXHIBIT 31.1 - NATIONAL FUEL GAS CO | nfg-12312014xexhibit311.htm |
| EX-10.3 - EXHIBIT 10.3 - NATIONAL FUEL GAS CO | nfg-12312014xexhibit103.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, | ||||||||||||||
December 31, 2014 | 2014 | 2013 | 2012 | 2011 | |||||||||||
EARNINGS: | |||||||||||||||
Income from Continuing Operations | $ | 301,901 | $ | 299,413 | $ | 260,001 | $ | 220,077 | $ | 258,402 | |||||
Plus Income Tax Expense | 189,349 | 189,614 | 172,758 | 150,554 | 164,381 | ||||||||||
Less Investment Tax Credit (1) | (429 | ) | (434 | ) | (426 | ) | (581 | ) | (697 | ) | |||||
(Less Income) Plus Loss from Unconsolidated Subsidiaries | (417 | ) | (397 | ) | 204 | 1,442 | 759 | ||||||||
Plus Distributions from Unconsolidated Subsidiaries | — | — | — | — | 4,278 | ||||||||||
Plus Interest Expense on Long-Term Debt | 89,620 | 90,194 | 90,273 | 82,002 | 73,567 | ||||||||||
Plus Other Interest Expense | 3,925 | 4,083 | 3,838 | 4,238 | 4,554 | ||||||||||
Less Amortization of Loss on Reacquired Debt | (529 | ) | (529 | ) | (721 | ) | (1,093 | ) | (1,093 | ) | |||||
Plus (Less) Allowance for Borrowed Funds Used in Construction | 1,237 | 900 | 827 | 1,231 | 1,037 | ||||||||||
Plus (Less) Other Capitalized Interest | 4,135 | 3,560 | 1,801 | 2,992 | 1,516 | ||||||||||
Plus Rentals (2) | 13,414 | 13,700 | 14,204 | 12,958 | 5,003 | ||||||||||
$ | 602,206 | $ | 600,104 | $ | 542,759 | $ | 473,820 | $ | 511,707 | ||||||
FIXED CHARGES: | |||||||||||||||
Interest & Amortization of Premium and Discount of Funded Debt | $ | 89,620 | $ | 90,194 | $ | 90,273 | $ | 82,002 | $ | 73,567 | |||||
Plus Other Interest Expense | 3,925 | 4,083 | 3,838 | 4,238 | 4,554 | ||||||||||
Less Amortization of Loss on Reacquired Debt | (529 | ) | (529 | ) | (721 | ) | (1,093 | ) | (1,093 | ) | |||||
Plus (Less) Allowance for Borrowed Funds Used in Construction | 1,237 | 900 | 827 | 1,231 | 1,037 | ||||||||||
Plus (Less) Other Capitalized Interest | 4,135 | 3,560 | 1,801 | 2,992 | 1,516 | ||||||||||
Plus Rentals (2) | 13,414 | 13,700 | 14,204 | 12,958 | 5,003 | ||||||||||
$ | 111,802 | $ | 111,908 | $ | 110,222 | $ | 102,328 | $ | 84,584 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.39 | 5.36 | 4.92 | 4.63 | 6.05 | ||||||||||
(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. |