EX-12.1 3 exhibit121-sji123117ratioo.htm EXHIBIT 12.1 Exhibit


 
 
 
 
 
Exhibit 12.1
 
 
 
 
 
 
SOUTH JERSEY INDUSTRIES, INC.
Calculation of Ratio of Earnings from Continuing Operations to
Fixed Charges (Before Income Taxes)
(IN THOUSANDS)
 
Fiscal Year Ended December 31,
 
 
 
 
 
 
 
2017
2016
2015
2014
2013
 
 
 
 
 
 
Net (Loss) Income*
$
(3,404
)
$
119,061

$
105,610

$
97,628

$
82,389

 
 
 
 
 
 
Income Taxes
(24,937
)
54,151

1,360

4,449

(19,014
)
 
 
 
 
 
 
Fixed Charges**
56,044

38,042

36,541

34,196

27,509

 
 
 
 
 
 
Capitalized Interest
(2,025
)
(6,593
)
(4,919
)
(4,636
)
(8,684
)
 
 
 
 
 

 

 
 
 
 
 

 

Total Available
$
25,678

$
204,661

$
138,592

$
131,637

$
82,200

 
 
 
 
 

 

 
 
 
 
 

 

 
 
 
 
 

 

Total Available
0.5
x
5.4
x
3.8
x
3.8
x
3.0
x
Fixed Charges
 
 

 

 

 
 
 
 

 

 

 

 
 
 

 

 

 

* (Loss) Income from Continuing Operations.
 
 

 

 

 

 
 
 
 
 
 
** Includes interest charges and capitalized interest.