Attached files

file filename
EX-32.02 - EX-32.02 - Southwest Gas Holdings, Inc.d817823dex3202.htm
EX-32.01 - EX-32.01 - Southwest Gas Holdings, Inc.d817823dex3201.htm
EX-31.02 - EX-31.02 - Southwest Gas Holdings, Inc.d817823dex3102.htm
EX-31.01 - EX-31.01 - Southwest Gas Holdings, Inc.d817823dex3101.htm
EX-12.02 - EX-12.02 - Southwest Gas Holdings, Inc.d817823dex1202.htm
10-Q - FORM 10-Q - Southwest Gas Holdings, Inc.d817823d10q.htm

Exhibit 12.01

SOUTHWEST GAS HOLDINGS, INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(Thousands of dollars)

 

     For the Twelve Months Ended  
     Jun 30,      December 31,  
Continuing operations    2018      2017      2016      2015      2014  

1. Fixed charges:

              

A) Interest expense

   $ 87,389      $ 77,824      $ 73,000      $ 71,661      $ 71,234  

B) Amortization

     2,053        1,906        1,835        1,884        2,063  

C) Interest portion of rentals

     23,184        22,412        19,438        16,678        11,802  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total fixed charges

   $ 112,626      $ 102,142      $ 94,273      $ 90,223      $ 85,099  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

2. Earnings (as defined):

              

D) Pretax income from continuing operations

   $ 257,162      $ 259,030      $ 231,523      $ 219,332      $ 219,521  

Fixed Charges (1. above)

     112,626        102,142        94,273        90,223        85,099  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total earnings as defined

   $ 369,788      $ 361,172      $ 325,796      $ 309,555      $ 304,620  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

3. Ratio of earnings to fixed charges

     3.28        3.54        3.46        3.43        3.58