QUESTAR CORP - FORM 10-K - EX-12.3 - EXHIBIT 12.3 - February 18, 2016

Attached files

file filename
EX-12.1 - EXHIBIT 12.1 - QUESTAR CORPstr123115ex121.htm
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


Exhibit 12.3

Questar Pipeline Company
Ratio of Earnings to Fixed Charges

 
12 Months Ended December 31,
 
2015
 
2014
 
2013
 
(dollars in millions)
Earnings
 
 
 
 
 
Income before income taxes and adjustment for income
  from equity investee
$
89.3

 
$
92.7

 
$
11.5

Add (deduct):
 
 
 
 
 
Fixed charges
27.1

 
27.5

 
27.5

Distributed income from equity investee
4.5

 
4.4

 
4.6

Capitalized interest
(0.2
)
 
(0.5
)
 
(0.6
)
Total Earnings
$
120.7

 
$
124.1

 
$
43.0

 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
Interest expense
$
26.0

 
$
26.1

 
$
25.8

Capitalized interest
0.2

 
0.5

 
0.6

Estimate of interest within rental expense
0.9

 
0.9

 
1.1

Total Fixed Charges
$
27.1

 
$
27.5

 
$
27.5

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.5

 
4.5

 
1.6


For purposes of this presentation, earnings represent income before income taxes adjusted for fixed charges, earnings and distributions of equity investee. Income before income taxes includes Questar Pipeline's share of pretax earnings of equity investee. Fixed charges 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%.


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