Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - CHESAPEAKE UTILITIES CORP | cpk1231201710-k.htm |
| EX-32.2 - EXHIBIT 32.2 - CHESAPEAKE UTILITIES CORP | cpk12312017ex-322.htm |
| EX-32.1 - EXHIBIT 32.1 - CHESAPEAKE UTILITIES CORP | cpk12312017ex-321.htm |
| EX-31.2 - EXHIBIT 31.2 - CHESAPEAKE UTILITIES CORP | cpk12312017ex-312.htm |
| EX-31.1 - EXHIBIT 31.1 - CHESAPEAKE UTILITIES CORP | cpk12302017ex-311.htm |
| EX-23.1 - EXHIBIT 23.1 - CHESAPEAKE UTILITIES CORP | cpk12312017ex-231.htm |
| EX-21 - EXHIBIT 21 - CHESAPEAKE UTILITIES CORP | cpk12312017ex-21.htm |
| EX-4.13 - EXHIBIT 4.13 - CHESAPEAKE UTILITIES CORP | cpk12312017ex-413.htm |
| EX-3.6 - EXHIBIT 3.6 - CHESAPEAKE UTILITIES CORP | cpk12312017ex-36.htm |
EXHIBIT 12
Chesapeake Utilities Corporation
Ratio of Earnings to Fixed Charges
For the Year Ended December 31, | |||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||
(in thousands, except ratio of earnings to fixed charges) | |||||||||||||||||
Income from continuing operations | $ | 58,124 | $ | 44,675 | 41,140 | 36,092 | $ | 32,787 | |||||||||
Add: | |||||||||||||||||
Income taxes | 14,309 | 28,341 | 26,905 | 23,945 | 22,085 | ||||||||||||
Portion of rents representative of interest factor | 1,216 | 843 | 565 | 588 | 542 | ||||||||||||
Interest on indebtedness | 12,474 | 10,477 | 9,933 | 9,439 | 8,202 | ||||||||||||
Amortization of debt discount and expense | 171 | 162 | 74 | 42 | 33 | ||||||||||||
Capitalized interest (allowed funds used during construction) | 632 | 387 | 38 | 58 | 131 | ||||||||||||
Earnings as adjusted | $ | 86,926 | $ | 84,885 | 78,655 | 70,164 | $ | 63,780 | |||||||||
Fixed Charges | |||||||||||||||||
Portion of rents representative of interest factor | $ | 1,216 | $ | 843 | 565 | 588 | $ | 542 | |||||||||
Interest on indebtedness | 12,474 | 10,477 | 9,933 | 9,439 | 8,202 | ||||||||||||
Amortization of debt discount and expense | 171 | 162 | 74 | 42 | 33 | ||||||||||||
Capitalized interest (allowed funds used during construction) | 632 | 387 | 38 | 58 | 131 | ||||||||||||
Fixed Charges | $ | 14,493 | $ | 11,869 | 10,610 | 10,127 | $ | 8,908 | |||||||||
Ratio of Earnings to Fixed Charges | 6.00 | 7.15 | 7.41 | 6.93 | 7.16 | ||||||||||||