Attached files

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10-K - FORM 10-K - CHESAPEAKE UTILITIES CORPcpk1231201710-k.htm
EX-32.2 - EXHIBIT 32.2 - CHESAPEAKE UTILITIES CORPcpk12312017ex-322.htm
EX-32.1 - EXHIBIT 32.1 - CHESAPEAKE UTILITIES CORPcpk12312017ex-321.htm
EX-31.2 - EXHIBIT 31.2 - CHESAPEAKE UTILITIES CORPcpk12312017ex-312.htm
EX-31.1 - EXHIBIT 31.1 - CHESAPEAKE UTILITIES CORPcpk12302017ex-311.htm
EX-23.1 - EXHIBIT 23.1 - CHESAPEAKE UTILITIES CORPcpk12312017ex-231.htm
EX-21 - EXHIBIT 21 - CHESAPEAKE UTILITIES CORPcpk12312017ex-21.htm
EX-4.13 - EXHIBIT 4.13 - CHESAPEAKE UTILITIES CORPcpk12312017ex-413.htm
EX-3.6 - EXHIBIT 3.6 - CHESAPEAKE UTILITIES CORPcpk12312017ex-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