Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - UGI UTILITIES INC | ugiutilitiesq11231201710-q.htm |
| EX-32 - EXHIBIT 32 - UGI UTILITIES INC | ex3212-31x17ugiutilities10q.htm |
| EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | ex31212-31x17ugiutilities1.htm |
| EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | ex31112-31x17ugiutilities1.htm |
UGI UTILITIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - EXHIBIT 12.1
(Thousands of dollars)
Three Months Ended December 31, | |||||||||||||||||||
Year Ended September 30, | |||||||||||||||||||
2017 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes | $ | 85,356 | $ | 188,095 | $ | 163,271 | $ | 200,539 | $ | 207,929 | |||||||||
Interest expense | 10,833 | 39,831 | 37,285 | 40,400 | 37,897 | ||||||||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 106 | 381 | 345 | 728 | 575 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 583 | 2,373 | 2,512 | 2,728 | 2,398 | ||||||||||||||
$ | 96,878 | $ | 230,680 | $ | 203,413 | $ | 244,395 | $ | 248,799 | ||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 10,833 | $ | 39,831 | $ | 37,285 | $ | 40,400 | $ | 37,897 | |||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 106 | 381 | 345 | 728 | 575 | ||||||||||||||
Allowance for funds used during | |||||||||||||||||||
construction (capitalized interest) | 265 | 1,608 | 602 | 407 | 227 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 583 | 2,373 | 2,512 | 2,728 | 2,398 | ||||||||||||||
$ | 11,787 | $ | 44,193 | $ | 40,744 | $ | 44,263 | $ | 41,097 | ||||||||||
Ratio of earnings to fixed charges | 8.22 | 5.22 | 4.99 | 5.52 | 6.05 | ||||||||||||||