Attached files

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EX-32.0 - EXHIBIT 32.0 - CALIFORNIA WATER SERVICE GROUPcwt-20171231xex32.htm
EX-31.2 - EXHIBIT 31.2 - CALIFORNIA WATER SERVICE GROUPcwt-20171231xex312.htm
EX-31.1 - EXHIBIT 31.1 - CALIFORNIA WATER SERVICE GROUPcwt-20171231xex311.htm
EX-23.1 - EXHIBIT 23.1 - CALIFORNIA WATER SERVICE GROUPcwt-20171231xex231.htm
EX-21.0 - EXHIBIT 21.0 - CALIFORNIA WATER SERVICE GROUPcwt-20171231xex21.htm
10-K - 10-K - CALIFORNIA WATER SERVICE GROUPcwt-12312017x10k.htm





Exhibit 12.1

California Water Service Group
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)

 
Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings:
 
Income before income tax expense
$
100,544

 
$
75,491

 
$
70,307

 
$
84,710

 
$
67,723

Fixed charges interest expense
36,570

 
33,748

 
29,467

 
28,765

 
31,179

Allowance for funds used during construction
(6,110
)
 
(2,965
)
 
(1,915
)
 
(1,535
)
 
(2,038
)
Total
131,004

 
106,274

 
97,859

 
111,940

 
96,864

Fixed Charges:
 
 
 
 


 


 


Interest expensed & capitalized, & amortization of capitalized expense related to indebtedness
36,288

 
33,466

 
29,185

 
28,483

 
30,897

Estimated interest component of rent expense
$
282

 
$
282

 
$
282

 
$
282

 
$
282

Total
36,570

 
33,748


29,467

 
28,765

 
31,179

Ratio of earnings to fixed charges
3.58

 
3.15

 
3.32

 
3.89

 
3.11