Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AVISTA CORP | ava-20170630x10q.htm |
| EX-32 - CERTIFICATION OF CORPORATE OFFICERS - AVISTA CORP | ava-20170630xex32.htm |
| EX-31.2 - CERTIFICATION OF CFO - AVISTA CORP | ava-20170630xex312.htm |
| EX-31.1 - CERTIFICATION OF CEO - AVISTA CORP | ava-20170630xex311.htm |
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - AVISTA CORP | ava-20170630xex15.htm |
Exhibit 12
AVISTA CORPORATION
Computation of Ratio of Earnings to Fixed Charges
Consolidated
(Thousands of Dollars)
Six months ended | Years Ended December 31 | |||||||||||||||||||||||
June 30, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||
Interest charges | $ | 47,538 | $ | 86,897 | $ | 80,613 | $ | 74,025 | $ | 73,772 | $ | 71,843 | ||||||||||||
Amortization of debt expense and premium - net | 1,583 | 3,391 | 3,415 | 3,635 | 3,813 | 3,803 | ||||||||||||||||||
Interest portion of rentals | 627 | 1,324 | 1,287 | 1,187 | 1,146 | 1,294 | ||||||||||||||||||
Total fixed charges | $ | 49,748 | $ | 91,612 | $ | 85,315 | $ | 78,847 | $ | 78,731 | $ | 76,940 | ||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 130,254 | $ | 215,402 | $ | 185,619 | $ | 192,106 | $ | 162,347 | $ | 116,567 | ||||||||||||
Add (deduct): | ||||||||||||||||||||||||
Capitalized interest | (1,614 | ) | (2,651 | ) | (3,546 | ) | (3,924 | ) | (3,676 | ) | (2,401 | ) | ||||||||||||
Total fixed charges above | 49,748 | 91,612 | 85,315 | 78,847 | 78,731 | 76,940 | ||||||||||||||||||
Total earnings | $ | 178,388 | $ | 304,363 | $ | 267,388 | $ | 267,029 | $ | 237,402 | $ | 191,106 | ||||||||||||
Ratio of earnings to fixed charges | 3.59 | 3.32 | 3.13 | 3.39 | 3.02 | 2.48 | ||||||||||||||||||