Attached files

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EX-95 - MDU RESOURCES MINE SAFETY DISCLOSURES - MDU RESOURCES GROUP INCa2017q3ex95.htm
EX-32 - MDU RESOURCES CERTIFICATION OF CEO AND CFO - MDU RESOURCES GROUP INCa2017q3ex32.htm
EX-31.B - MDU RESOURCES CERTIFICATION OF CHIEF FINANCIAL OFFICER - MDU RESOURCES GROUP INCa2017q3ex31b.htm
EX-31.A - MDU RESOURCES CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MDU RESOURCES GROUP INCa2017q3ex31a.htm
EX-10.B - MDU RESOURCES SECTION 16 OFFICERS AND DIRECTORS - MDU RESOURCES GROUP INCa2017q3ex10b.htm
EX-10.A - MDU RESOURCES 401 K RETIREMENT PLAN AMENDMENT 8-30-2017 - MDU RESOURCES GROUP INCa2017q3ex10a.htm
10-Q - MDU RESOURCES FORM 10-Q 9-30-2017 - MDU RESOURCES GROUP INCa2017q3form10-q.htm
MDU RESOURCES GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 
Twelve
Months Ended
September 30, 2017
 
Year Ended
December 31, 2016
 
 
(In thousands of dollars)
 
Earnings Available for Fixed Charges:
 
 
 
 
 
Net Income (a)
 
$
236,141

 
$
233,102

 
Income Taxes
 
100,157

 
93,132

 
 
 
336,298

 
326,234

 
Rents (b)
 
23,618

 
21,656

 
Interest (c)
 
83,164

 
88,045

 
Total Earnings Available for Fixed Charges
 
$
443,080

 
$
435,935

 
 
 
 
 
 
 
Preferred Dividend Requirements
 
$
343

 
$
685

 
Ratio of Income Before Income Taxes to Net Income
 
142
%
 
140
%
 
Preferred Dividend Factor on Pretax Basis
 
487

 
959

 
Fixed Charges (d)
 
106,730

 
109,636

 
Combined Fixed Charges and Preferred Stock Dividends
 
$
107,217

 
$
110,595

 
Ratio of Earnings to Fixed Charges
 
4.2x

 
4.0x

 
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
 
4.1x

 
3.9x

 

(a)
Net income excludes undistributed income for equity investees.

(b)
Represents interest portion of rents estimated at 33 1/3%.

(c)
Represents interest, amortization of debt discount and expense on all indebtedness and amortization of interest capitalized, and excludes amortization of gains or losses on reacquired debt (which, under the Federal Energy Regulatory Commission Uniform System of Accounts, is classified as a reduction of, or increase in, interest expense in the Consolidated Statements of Income) and interest capitalized.

(d)
Represents rents (as defined above), interest, amortization of debt discount and expense on all indebtedness, and excludes amortization of gains or losses on reacquired debt (which, under the Federal Energy Regulatory Commission Uniform System of Accounts, is classified as a reduction of, or increase in, interest expense in the Consolidated Statements of Income).