Attached files
| file | filename |
|---|---|
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - AVISTA CORP | ava-20160930xex15.htm |
| 10-Q - 10-Q - AVISTA CORP | ava-20160930x10q.htm |
| EX-32 - CERTIFICATION OF CORPORATE OFFICERS - AVISTA CORP | ava-20160930xex32.htm |
| EX-31.2 - CERTIFICATION OF CFO - AVISTA CORP | ava-20160930xex312.htm |
| EX-31.1 - CERTIFICATION OF CEO - AVISTA CORP | ava-20160930xex311.htm |
Exhibit 12
AVISTA CORPORATION
Computation of Ratio of Earnings to Fixed Charges
Consolidated
(Thousands of Dollars)
Nine months ended | Years Ended December 31 | |||||||||||||||||||||||
September 30, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||
Interest charges | $ | 64,517 | $ | 80,613 | $ | 74,025 | $ | 73,772 | $ | 71,843 | $ | 69,536 | ||||||||||||
Amortization of debt expense and premium - net | 2,530 | 3,415 | 3,635 | 3,813 | 3,803 | 4,617 | ||||||||||||||||||
Interest portion of rentals | 978 | 1,287 | 1,187 | 1,146 | 1,294 | 1,139 | ||||||||||||||||||
Total fixed charges | $ | 68,025 | $ | 85,315 | $ | 78,847 | $ | 78,731 | $ | 76,940 | $ | 75,292 | ||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 151,874 | $ | 185,619 | $ | 192,106 | $ | 162,347 | $ | 116,567 | $ | 139,438 | ||||||||||||
Add (deduct): | ||||||||||||||||||||||||
Capitalized interest | (2,258 | ) | (3,546 | ) | (3,924 | ) | (3,676 | ) | (2,401 | ) | (2,942 | ) | ||||||||||||
Total fixed charges above | 68,025 | 85,315 | 78,847 | 78,731 | 76,940 | 75,292 | ||||||||||||||||||
Total earnings | $ | 217,641 | $ | 267,388 | $ | 267,029 | $ | 237,402 | $ | 191,106 | $ | 211,788 | ||||||||||||
Ratio of earnings to fixed charges | 3.20 | 3.13 | 3.39 | 3.02 | 2.48 | 2.81 | ||||||||||||||||||