IDACORP INC - FORM 10-K - EX-12.1 - IDACORP, INC. CONSOLIDATED FINANCIAL INFORMATION RATIO OF EARNINGS TO FIXED CHAR - February 18, 2016

Attached files

file filename
EX-31.2 - IDACORP, INC. RULE 13A-14(A) CFO CERTIFICATION - IDACORP INCida123115ex312.htm
EX-10.59 - IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN AMENDED AND RESTATED AS OF JANUARY 1, - IDACORP INCida123115ex_1059.htm
EX-10.47 - IDACORP, INC. EXECUTIVE INCENTIVE PLAN AS AMENDED AND RESTATED FEBRUARY 11, 2016 - IDACORP INCida123115ex_1047.htm
EX-10.34 - IDACORP, INC. NON-EMPLOYEE DIRECTORS STOCK COMPENSATION PLAN - IDACORP INCida123115ex_1034.htm
EX-10.40 - IDACORP AND IDAHO POWER EXECUTIVE OFFICERS WITH AMENDED AND RESTATED CHANGE IN C - IDACORP INCida123115ex_1040.htm
EX-10.50 - IDACORP, INC. AND IDAHO POWER COMPANY COMPENSATION FOR NON-EMPLOYEE DIRECTORS OF - IDACORP INCida123115ex_1050.htm
EX-23.2 - IDAHO POWER COMPANY CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - IDACORP INCida123115ex232-consent.htm
EX-23.1 - IDACORP CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - IDACORP INCida123115ex231-consent.htm
EX-95.1 - MINE SAFETY DISCLOSURES REQUIRED BY THE DODD-FRANK WALL STREET REFORM AND CONSUM - IDACORP INCida123115ex951-minesafety.htm
10-K - 10-K - IDACORP INCida12311510k.htm
EX-32.2 - IDACORP, INC. SECTION 1350 CFO CERTIFICATION - IDACORP INCida123115ex322.htm
EX-31.4 - IDAHO POWER RULE 13A-14(A) CFO CERTIFICATION - IDACORP INCida123115ex314.htm
EX-31.1 - IDACORP, INC. RULE 13A-14(A) CEO CERTIFICATION - IDACORP INCida123115ex311.htm
EX-31.3 - IDAHO POWER RULE 13A-14(A) CEO CERTIFICATION - IDACORP INCida123115ex313.htm
EX-32.3 - IDAHO POWER SECTION1350 CEO CERTIFICATION - IDACORP INCida123115ex323.htm
EX-32.1 - IDACORP, INC. SECTION 1350 CEO CERTIFICATION - IDACORP INCida123115ex321.htm
EX-32.4 - IDAHO POWER SECTION 1350 CFO CERTIFICATION - IDACORP INCida123115ex324.htm
EX-12.2 - IDAHO POWER COMPANY CONSOLIDATED FINANCIAL INFORMATION RATIO OF EARNINGS TO FIXE - IDACORP INCida123115ex122.htm


Exhibit 12.1
IDACORP, Inc.
Consolidated Financial Information
Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges
(Thousands of Dollars)

 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
 
2015
2014
2013
2012
2011
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
Income from continuing operations before income taxes
$
240,235

$
210,526

$
254,520

$
206,992

$
125,795

Adjust for distributed income of equity investees
1,330

(6,797
)
4,812

7,704

(8,993
)
Fixed charges, as below
93,409

90,012

90,236

87,635

86,758

Total earnings, as defined
$
334,974

$
293,741

$
349,568

$
302,331

$
203,560

 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
Interest charges1
$
91,978

$
88,265

$
88,695

$
85,799

$
85,097

Rental interest factor
1,431

1,747

1,541

1,836

1,661

Total fixed charges, as defined
$
93,409

$
90,012

$
90,236

$
87,635

$
86,758

Ratio of earnings to fixed charges
3.59x

3.26x

3.87x

3.45x

2.35x

 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
Income from continuing operations before income taxes
$
240,235

$
210,526

$
254,520

$
206,992

$
125,795

Adjust for distributed income of equity investees
1,330

(6,797
)
4,812

7,704

(8,993
)
Supplemental fixed charges, as below
93,651

90,356

90,741

88,266

87,544

Total earnings, as defined
$
335,216

$
294,085

$
350,073

$
302,962

$
204,346

 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
Interest charges1
$
91,978

$
88,265

$
88,695

$
85,799

$
85,097

Rental interest factor
1,431

1,747

1,541

1,836

1,661

Supplemental increment to fixed charges2
242

344

505

631

786

Total supplemental fixed charges
$
93,651

$
90,356

$
90,741

$
88,266

$
87,544

Supplemental ratio of earnings to fixed charges
3.58x

3.25x

3.86x

3.43x

2.33x

 
 
 
 
 
 
1 FIN 48 interest is not included in interest charges.
2 Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.


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