Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - NORTHWEST NATURAL GAS CO | ex321q22018.htm |
| EX-31.2 - EXHIBIT 31.2 - NORTHWEST NATURAL GAS CO | ex312q22018.htm |
| EX-31.1 - EXHIBIT 31.1 - NORTHWEST NATURAL GAS CO | ex311q22018.htm |
| EX-10 - EXHIBIT 10 - NORTHWEST NATURAL GAS CO | ex10-purchaseandsaleagreem.htm |
| 10-Q - 10-Q - NORTHWEST NATURAL GAS CO | form10-qq22018.htm |
EXHIBIT 12
NORTHWEST NATURAL GAS COMPANY
Ratios of Earnings to Fixed Charges
(unaudited)
Twelve Months Ended | Six Months Ended | |||||||||||||||||||||||||||
Year Ended December 31, | June 30, | June 30, | ||||||||||||||||||||||||||
In thousands, except share data | 2017 | 2016 | 2015 | 2014 | 2013 | 2018 | 2018 | |||||||||||||||||||||
Fixed Charges, as defined: | ||||||||||||||||||||||||||||
Interest on Long-Term Debt | $ | 36,809 | $ | 34,508 | $ | 37,918 | $ | 40,066 | $ | 40,825 | 36,720 | $ | 18,378 | |||||||||||||||
Other Interest | 2,274 | 3,404 | 3,173 | 2,718 | 2,709 | 2,604 | 1,379 | |||||||||||||||||||||
Amortization of Debt Discount and Expense | 2,017 | 1,671 | 1,760 | 1,963 | 1,877 | 2,032 | 1,017 | |||||||||||||||||||||
Capitalized Interest | 2,598 | — | — | — | — | 4,846 | 2,248 | |||||||||||||||||||||
Interest Portion of Rentals | 2,574 | 2,048 | 1,976 | 2,302 | 1,910 | 2,291 | 1,006 | |||||||||||||||||||||
Total Fixed Charges, as defined | $ | 46,272 | $ | 41,631 | $ | 44,827 | $ | 47,049 | $ | 47,321 | 48,493 | $ | 24,028 | |||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Net Income from continuing operations(1) | $ | 72,073 | $ | 62,419 | $ | 60,026 | $ | 66,006 | $ | 61,970 | $ | 68,273 | $ | 41,672 | ||||||||||||||
Taxes on Income from continuing operations(1) | 41,008 | 43,011 | 39,907 | 46,268 | 42,787 | 26,306 | 15,476 | |||||||||||||||||||||
Fixed Charges, as above | 46,272 | 41,631 | 44,827 | 47,049 | 47,321 | 48,493 | 24,028 | |||||||||||||||||||||
Total Earnings, as defined | $ | 159,353 | $ | 147,061 | $ | 144,760 | $ | 159,323 | $ | 152,078 | $ | 143,072 | $ | 81,176 | ||||||||||||||
Ratios of Earnings to Fixed Charges | 3.44 | 3.53 | 3.23 | 3.39 | 3.21 | 2.95 | 3.38 | |||||||||||||||||||||
(1) Net income from continuing operations and taxes on income from continuing operations exclude income and taxes related to discontinued operations, respectively.