PINNACLE WEST CAPITAL CORP - FORM 10-Q - EX-12.2 - EXHIBIT 12.2 - August 3, 2017

Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - PINNACLE WEST CAPITAL CORPa063017exhibit322.htm
EX-32.1 - EXHIBIT 32.1 - PINNACLE WEST CAPITAL CORPa063017exhibit321.htm
EX-31.4 - EXHIBIT 31.4 - PINNACLE WEST CAPITAL CORPa063017exhibit314.htm
EX-31.3 - EXHIBIT 31.3 - PINNACLE WEST CAPITAL CORPa063017exhibit313.htm
EX-31.2 - EXHIBIT 31.2 - PINNACLE WEST CAPITAL CORPa063017exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - PINNACLE WEST CAPITAL CORPa063017exhibit311.htm
EX-12.3 - EXHIBIT 12.3 - PINNACLE WEST CAPITAL CORPexhibit123-63017.htm
EX-12.1 - EXHIBIT 12.1 - PINNACLE WEST CAPITAL CORPexhibit121-63017.htm
EX-10.11.7A - EXHIBIT 10.11.7A - PINNACLE WEST CAPITAL CORPexhibit10117a-63017.htm
EX-10.11.3A - EXHIBIT 10.11.3A - PINNACLE WEST CAPITAL CORPexhibit10113a-63017.htm
EX-10.11.2A - EXHIBIT 10.11.2A - PINNACLE WEST CAPITAL CORPexhibit10112a-63017.htm
EX-10.2 - EXHIBIT 10.2 - PINNACLE WEST CAPITAL CORPexhibit102-63017.htm
EX-10.1 - EXHIBIT 10.1 - PINNACLE WEST CAPITAL CORPexhibit101-63017.htm
10-Q - 10-Q - PINNACLE WEST CAPITAL CORPpnw-6301710q.htm


Exhibit 12.2
 
ARIZONA PUBLIC SERVICE COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
 
 
Six Months
Ended
June 30,
 
Twelve Months Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 

 
 

 
 

 
 

 
 

 
 

Income from continuing operations attributable to common shareholders
$
192,270

 
$
462,141

 
$
450,274

 
$
421,219

 
$
424,969

 
$
395,497

Income taxes
97,175

 
245,842

 
245,841

 
237,360

 
245,095

 
244,396

Fixed charges
108,514

 
210,776

 
199,458

 
204,198

 
202,457

 
214,227

Total earnings
$
397,959


$
918,759


$
895,573


$
862,777


$
872,521


$
854,120

Fixed Charges:
 

 
 

 
 

 
 

 
 

 
 

Interest charges
$
101,939

 
$
197,811

 
$
187,499

 
$
193,119

 
$
194,616

 
$
205,533

Amortization of debt discount
2,374

 
4,760

 
4,793

 
4,168

 
4,046

 
4,215

Estimated interest portion of annual rents
4,201

 
8,205

 
7,166

 
6,911

 
3,795

 
4,479

Total fixed charges
$
108,514


$
210,776


$
199,458


$
204,198


$
202,457


$
214,227

Ratio of Earnings to Fixed Charges (rounded down)
3.66

 
4.35

 
4.49

 
4.22

 
4.30

 
3.98




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