Attached files
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8-K - 8-K - COMPUTATION OF RATIOS - American Water Works Company, Inc. | awk-8k_20170807.htm |
Exhibit 99.1
American Water Works Company, Inc. |
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Computation of Ratio of Earnings to Fixed Charges |
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(dollars in millions) |
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2012 |
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2013 |
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2014 |
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2015 |
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2016 |
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For the six months ended June 30, 2017 |
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Income from continuing operations before income taxes |
$ |
630 |
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$ |
608 |
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$ |
710 |
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$ |
782 |
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$ |
770 |
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$ |
371 |
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Fixed Charges: |
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Interest, dividend on mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness |
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317 |
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315 |
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305 |
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316 |
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331 |
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174 |
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Interest factor in rentals |
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10 |
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8 |
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7 |
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7 |
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8 |
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5 |
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Interest costs from discontinued operations |
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- |
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- |
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- |
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- |
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- |
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- |
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Total fixed charges |
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327 |
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323 |
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312 |
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323 |
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339 |
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179 |
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Income from continuing operations plus fixed charges |
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957 |
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931 |
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1,022 |
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1,105 |
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1,109 |
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550 |
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Ratio of pre-tax income to net income |
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1.69 |
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1.64 |
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1.65 |
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1.64 |
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1.65 |
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1.65 |
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Total fixed charges |
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327 |
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323 |
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312 |
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323 |
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339 |
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179 |
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Ratio of earnings to fixed charges |
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2.93 |
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2.88 |
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3.27 |
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3.42 |
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3.27 |
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3.07 |
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American Water Capital Corp. |
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Computation of Ratio of Earnings to Fixed Charges |
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(dollars in millions) |
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2012 |
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2013 |
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2014 |
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2015 |
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2016 |
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For the six months ended June 30, 2017 |
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Income (loss) before income taxes |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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Fixed Charges: |
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Interest, dividend on mandatory redeemable preferred shares and amortization of debt discount and expenses and premium on all indebtedness |
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214 |
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226 |
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215 |
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229 |
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247 |
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134 |
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Interest factor in rentals |
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- |
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- |
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- |
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- |
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- |
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- |
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Interest costs from discontinued operations |
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- |
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- |
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- |
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- |
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- |
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- |
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Total fixed charges |
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214 |
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226 |
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215 |
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229 |
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247 |
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134 |
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Income (loss) plus fixed charges |
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214 |
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226 |
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215 |
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229 |
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247 |
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134 |
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Ratio of pre-tax income to net income |
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- |
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- |
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- |
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- |
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- |
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- |
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Total fixed charges |
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214 |
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226 |
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215 |
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229 |
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247 |
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134 |
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Ratio of earnings to fixed charges |
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1.00 |
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1.00 |
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1.00 |
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1.00 |
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1.00 |
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1.00 |
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