Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - PINNACLE WEST CAPITAL CORP | exhibit311-033118.htm |
| EX-32.2 - EXHIBIT 32.2 - PINNACLE WEST CAPITAL CORP | exhibit322-033118.htm |
| EX-32.1 - EXHIBIT 32.1 - PINNACLE WEST CAPITAL CORP | exhibit321-033118.htm |
| EX-31.4 - EXHIBIT 31.4 - PINNACLE WEST CAPITAL CORP | exhibit314-033118.htm |
| EX-31.3 - EXHIBIT 31.3 - PINNACLE WEST CAPITAL CORP | exhibit313-033118.htm |
| EX-31.2 - EXHIBIT 31.2 - PINNACLE WEST CAPITAL CORP | exhibit312-033118.htm |
| EX-12.3 - EXHIBIT 12.3 - PINNACLE WEST CAPITAL CORP | exhibit123-33118.htm |
| EX-12.1 - EXHIBIT 12.1 - PINNACLE WEST CAPITAL CORP | exhibit121-33118.htm |
| 10-Q - 10-Q - PINNACLE WEST CAPITAL CORP | pnw-3311810q.htm |
Exhibit 12.2
ARIZONA PUBLIC SERVICE COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Three Months Ended March 31, | Twelve Months Ended December 31, | ||||||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Net income attributable to common shareholders | $ | 9,599 | $ | 504,309 | $ | 462,141 | $ | 450,274 | $ | 421,219 | $ | 424,969 | |||||||||||
Income taxes | 2,106 | 269,168 | 245,842 | 245,841 | 237,360 | 245,095 | |||||||||||||||||
Fixed charges | 58,386 | 222,667 | 210,776 | 199,458 | 204,198 | 202,457 | |||||||||||||||||
Total earnings | $ | 70,091 | $ | 996,144 | $ | 918,759 | $ | 895,573 | $ | 862,777 | $ | 872,521 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest charges | $ | 56,158 | $ | 214,163 | $ | 202,571 | $ | 192,292 | $ | 197,287 | $ | 198,662 | |||||||||||
Estimated interest portion of annual rents | 2,228 | 8,504 | 8,205 | 7,166 | 6,911 | 3,795 | |||||||||||||||||
Total fixed charges | $ | 58,386 | $ | 222,667 | $ | 210,776 | $ | 199,458 | $ | 204,198 | $ | 202,457 | |||||||||||
Ratio of Earnings to Fixed Charges (rounded down) | 1.20 | 4.47 | 4.35 | 4.49 | 4.22 | 4.30 | |||||||||||||||||