Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CHESAPEAKE UTILITIES CORP | cpk12312016ex-322.htm |
| EX-32.1 - EXHIBIT 32.1 - CHESAPEAKE UTILITIES CORP | cpk12312016ex-321.htm |
| EX-31.2 - EXHIBIT 31.2 - CHESAPEAKE UTILITIES CORP | cpk12312016ex-312.htm |
| EX-31.1 - EXHIBIT 31.1 - CHESAPEAKE UTILITIES CORP | cpk12302016ex-311.htm |
| EX-23.1 - EXHIBIT 23.1 - CHESAPEAKE UTILITIES CORP | cpk12312016ex-231.htm |
| EX-21 - EXHIBIT 21 - CHESAPEAKE UTILITIES CORP | cpk12312016ex-21.htm |
| 10-K - 10-K - CHESAPEAKE UTILITIES CORP | cpk1231201610-k.htm |
EXHIBIT 12
Chesapeake Utilities Corporation
Ratio of Earnings to Fixed Charges
For the Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
(in thousands, except ratio of earnings to fixed charges) | |||||||||||||||||||
Income from continuing operations | $ | 44,675 | $ | 41,140 | $ | 36,092 | $ | 32,787 | $ | 28,863 | |||||||||
Add: | |||||||||||||||||||
Income taxes | 28,341 | 26,905 | 23,945 | 22,085 | 19,296 | ||||||||||||||
Portion of rents representative of interest factor | 843 | 565 | 588 | 542 | 464 | ||||||||||||||
Interest on indebtedness | 10,477 | 9,933 | 9,439 | 8,202 | 8,707 | ||||||||||||||
Amortization of debt discount and expense | 162 | 74 | 42 | 33 | 40 | ||||||||||||||
Capitalized interest (allowed funds used during construction) | 387 | 38 | 58 | 131 | 111 | ||||||||||||||
Earnings as adjusted | $ | 84,885 | $ | 78,655 | $ | 70,164 | $ | 63,780 | $ | 57,481 | |||||||||
Fixed Charges | |||||||||||||||||||
Portion of rents representative of interest factor | $ | 843 | $ | 565 | $ | 588 | $ | 542 | $ | 464 | |||||||||
Interest on indebtedness | 10,477 | 9,933 | 9,439 | 8,202 | 8,707 | ||||||||||||||
Amortization of debt discount and expense | 162 | 74 | 42 | 33 | 40 | ||||||||||||||
Capitalized interest (allowed funds used during construction) | 387 | 38 | 58 | 131 | 111 | ||||||||||||||
Fixed Charges | $ | 11,869 | $ | 10,610 | $ | 10,127 | $ | 8,908 | $ | 9,322 | |||||||||
Ratio of Earnings to Fixed Charges | 7.15 | 7.41 | 6.93 | 7.16 | 6.17 | ||||||||||||||