Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - UGI UTILITIES INC | ex312-6x30x18ugiutilities1.htm |
| EX-32 - EXHIBIT 32 - UGI UTILITIES INC | ex32-6x30x18ugiutilities10q.htm |
| EX-31.1 - EXHIBIT 31.1 - UGI UTILITIES INC | ex311-6x30x18ugiutilities1.htm |
| 10-Q - 10-Q - UGI UTILITIES INC | ugiutilitiesq3630201810-q.htm |
UGI UTILITIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - EXHIBIT 12.1
(Thousands of dollars)
Nine Months Ended June 30, | |||||||||||||||||||
Year Ended September 30, | |||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes | $ | 203,303 | $ | 188,095 | $ | 163,271 | $ | 200,539 | $ | 207,929 | |||||||||
Interest expense | 31,688 | 39,831 | 37,285 | 40,400 | 37,897 | ||||||||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 345 | 381 | 345 | 728 | 575 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,357 | 2,373 | 2,512 | 2,728 | 2,398 | ||||||||||||||
$ | 236,693 | $ | 230,680 | $ | 203,413 | $ | 244,395 | $ | 248,799 | ||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 31,688 | $ | 39,831 | $ | 37,285 | $ | 40,400 | $ | 37,897 | |||||||||
Amortization of debt discount and | |||||||||||||||||||
expense | 345 | 381 | 345 | 728 | 575 | ||||||||||||||
Allowance for funds used during | |||||||||||||||||||
construction (capitalized interest) | 1,673 | 1,608 | 602 | 407 | 227 | ||||||||||||||
Estimated interest component of | |||||||||||||||||||
rental expense | 1,357 | 2,373 | 2,512 | 2,728 | 2,398 | ||||||||||||||
$ | 35,063 | $ | 44,193 | $ | 40,744 | $ | 44,263 | $ | 41,097 | ||||||||||
Ratio of earnings to fixed charges | 6.75 | 5.22 | 4.99 | 5.52 | 6.05 | ||||||||||||||