Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - NISOURCE INC. | ni-20161231xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - NISOURCE INC. | ni-20161231xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - NISOURCE INC. | ni-20161231xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - NISOURCE INC. | ni-20161231xex311.htm |
| EX-23 - EXHIBIT 23 - NISOURCE INC. | ni-20161231xex23.htm |
| EX-21 - EXHIBIT 21 - NISOURCE INC. | ni-20161231xex21.htm |
| EX-10.29 - EXHIBIT 10.29 - NISOURCE INC. | ni-20161231xex1029.htm |
| EX-10.18 - EXHIBIT 10.18 - NISOURCE INC. | ni-20161231xex1018.htm |
| EX-10.17 - EXHIBIT 10.17 - NISOURCE INC. | ni-20161231xex1017.htm |
| 10-K - 10-K - NISOURCE INC. | ni-20161231x10k.htm |
Exhibit 12
NiSource Inc.
Ratio of Earnings to Fixed Charges
December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 | December 31, 2012 | |||||||||||
Earnings as defined in item 503(d) of Regulation S-K: | |||||||||||||||
Add: | |||||||||||||||
Pretax income from continuing operations (a)(b) | $ | 510,208,667 | $ | 340,406,027 | $ | 423,910,493 | $ | 330,158,304 | $ | 253,968,177 | |||||
Fixed Charges | 407,450,678 | 422,886,197 | 421,483,105 | 410,081,138 | 415,593,947 | ||||||||||
Amortization of capitalized interest (c) | — | — | — | — | — | ||||||||||
Distributed income of equity investees | 224,702 | 151,119 | 110,964 | 118,416 | — | ||||||||||
Share of pre-tax losses of equity investees for which charges arising guarantees are included in fixed charges | — | — | — | — | — | ||||||||||
Deduct: | |||||||||||||||
Interest capitalized (c) | — | — | — | — | — | ||||||||||
Preference security dividend requirements of consolidated subsidiaries(d) | — | — | — | — | — | ||||||||||
Non-Controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | ||||||||||
$ | 917,884,047 | $ | 763,443,343 | $ | 845,504,562 | $ | 740,357,858 | $ | 669,562,124 | ||||||
Fixed charges as defined in item 503(d) of Regulation S-K: | |||||||||||||||
Interest on long-term debt | $ | 352,265,520 | $ | 377,469,202 | $ | 368,614,101 | $ | 364,427,942 | $ | 366,907,783 | |||||
Other interest | 30,244,516 | 20,897,004 | 22,963,342 | 20,521,761 | 24,790,198 | ||||||||||
Capitalized interest during period (c) | |||||||||||||||
Amortization of premium, reacquisition premium, discount and expense on debt, net | 7,618,345 | 8,701,321 | 9,967,085 | 9,395,881 | 9,699,157 | ||||||||||
Interest portion of rent expense | 17,322,297 | 15,818,670 | 19,938,578 | 15,735,555 | 14,196,608 | ||||||||||
Non-controlling interest | — | — | — | — | — | ||||||||||
$ | 407,450,678 | $ | 422,886,197 | $ | 421,483,106 | $ | 410,081,139 | $ | 415,593,746 | ||||||
Plus preferred stock dividends: Preferred dividend requirements of subsidiary | $ | — | $ | — | $ | — | $ | — | $ | — | |||||
Preferred dividend requirements factor | 0.64 | 0.58 | 0.61 | 0.67 | 0.67 | ||||||||||
Preference security dividend requirements of consolidated subsidiaries (d) | — | — | — | — | — | ||||||||||
Fixed charges | 407,450,678 | 422,886,197 | 421,483,106 | 410,081,139 | 415,593,746 | ||||||||||
$ | 407,450,678 | $ | 422,886,197 | $ | 421,483,106 | $ | 410,081,139 | $ | 415,593,746 | ||||||
Ratio of earnings to fixed charges | 2.25 | 1.81 | 2.01 | 1.81 | 1.61 | ||||||||||
(a) Income Statement amounts have been adjusted for discontinued operations.
(b) Excludes adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees.
(c) NiSource is a public utility following ASC 980 and therefore does not add amortization of capitalized interest or subtract interest capitalized in determining earnings, nor reduces fixed charges for Allowance for Funds Used During Construction.
(d) Preferred dividends, as defined by SEC regulation S-K, are computed by dividing the preferred dividend requirement by one minus the effective income tax rate applicable to continuing operations.