UGI UTILITIES INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 6, 2016

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EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INCex3123-31x16ugiutilities10q.htm
EX-10.2 - EXHIBIT 10.2 - UGI UTILITIES INCex102ugiutilities10q.htm
EX-32 - EXHIBIT 32 - UGI UTILITIES INCex323-31x16ugiutilities10q.htm
EX-10.1 - EXHIBIT 10.1 - UGI UTILITIES INCex101ugiutilities10q.htm
EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INCex3113-31x16ugiutilities10q.htm
10-Q - 10-Q - UGI UTILITIES INCugiutilitiesq2331201610-q.htm




UGI UTILITIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - EXHIBIT 12.1
(Thousands of dollars)


 
Six Months Ended March 31,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended September 30,
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
Earnings before income taxes
$
144,013

 
$
200,539

 
$
207,929

 
$
171,010

 
$
142,971

Interest expense
18,626

 
40,400

 
37,897

 
38,578

 
41,599

Amortization of debt discount and
 
 
 
 
 
 
 
 
 
expense
138

 
728

 
575

 
731

 
814

Estimated interest component of
 
 
 
 
 
 
 
 
 
rental expense
1,298

 
2,728

 
2,398

 
2,090

 
2,121

 
$
164,075

 
$
244,395

 
$
248,799

 
$
212,409

 
$
187,505

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
18,626

 
$
40,400

 
$
37,897

 
$
38,578

 
$
41,599

Amortization of debt discount and
 
 
 
 
 
 
 
 
 
expense
138

 
728

 
575

 
731

 
814

Allowance for funds used during
 
 
 
 
 
 
 
 
 
construction (capitalized interest)
215

 
407

 
227

 
286

 
10

Estimated interest component of
 
 
 
 
 
 
 
 
 
rental expense
1,298

 
2,728

 
2,398

 
2,090

 
2,121

 
$
20,277

 
$
44,263

 
$
41,097

 
$
41,685

 
$
44,544

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
8.09

 
5.52

 
6.05

 
5.10

 
4.21




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