QUESTAR CORP - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 18, 2016

Attached files

file filename
EX-21.1 - EXHIBIT 21.1 - QUESTAR CORPstr123115ex211.htm
EX-14.1 - EXHIBIT 14.1 - QUESTAR CORPstr123115ex141.htm
EX-23.2 - EXHIBIT 23.2 - QUESTAR CORPstr123115ex232.htm
EX-23.1 - EXHIBIT 23.1 - QUESTAR CORPstr123115ex231.htm
EX-12.2 - EXHIBIT 12.2 - QUESTAR CORPstr123115ex122.htm
EX-31.3 - EXHIBIT 31.3 - QUESTAR CORPstr123115ex313.htm
EX-31.5 - EXHIBIT 31.5 - QUESTAR CORPstr123115ex315.htm
EX-31.2 - EXHIBIT 31.2 - QUESTAR CORPstr123115ex312.htm
EX-23.3 - EXHIBIT 23.3 - QUESTAR CORPstr123115ex233.htm
EX-32.3 - EXHIBIT 32.3 - QUESTAR CORPstr123115ex323.htm
EX-23.4 - EXHIBIT 23.4 - QUESTAR CORPstr123115ex234.htm
EX-31.1 - EXHIBIT 31.1 - QUESTAR CORPstr123115ex311.htm
EX-31.6 - EXHIBIT 31.6 - QUESTAR CORPstr123115ex316.htm
EX-32.2 - EXHIBIT 32.2 - QUESTAR CORPstr123115ex322.htm
EX-31.4 - EXHIBIT 31.4 - QUESTAR CORPstr123115ex314.htm
EX-32.1 - EXHIBIT 32.1 - QUESTAR CORPstr123115ex321.htm
10-K - 10-K - QUESTAR CORPstr12311510k.htm
EX-24.1 - EXHIBIT 24.1 - QUESTAR CORPstr123115ex241.htm
EX-12.3 - EXHIBIT 12.3 - QUESTAR CORPstr123115ex123.htm


Exhibit 12.1

Questar Corporation
Ratio of Earnings to Fixed Charges

 
12 Months Ended December 31,
 
2015
 
2014
 
2013
 
(dollars in millions)
Earnings
 
 
 
 
 
Pretax income from continuing operations before
  adjustment for income or loss from equity investees
$
315.6

 
$
348.9

 
$
258.8

Add (deduct):
—

 
—

 
 
Fixed charges
64.2

 
65.1

 
58.8

Distributed income from equity investees - continuing operations
4.5

 
4.4

 
4.6

Capitalized interest - continuing operations
(0.3
)
 
(1.0
)
 
(0.8
)
Total Earnings
$
384.0

 
$
417.4

 
$
321.4

 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
Interest expense - continuing operations
$
63.0

 
$
63.1

 
$
56.9

Capitalized interest - continuing operations
0.3

 
1.0

 
0.8

Estimate of interest within rental expense - continuing operations
0.9

 
1.0

 
1.1

Total Fixed Charges
$
64.2

 
$
65.1

 
$
58.8

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
6.0

 
6.4

 
5.5


For purposes of this presentation, earnings represent income from continuing operations before income taxes adjusted for fixed charges, earnings and distributions of equity investees. Income from continuing operations before income taxes includes Questar’s share of pretax earnings of equity investees. Fixed charges for both continuing operations and discontinued operations consist of total interest charges (expensed and capitalized), amortization of debt issuance costs and losses from reacquired debt, and the interest portion of rental expense estimated at 50%.


QUESTAR CORP Reports