EX-12.1 8 pacificorp123117ex121.htm PAC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)

 
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
before income tax expense
 
$
1,128

 
$
1,103

 
$
1,023

 
$
1,007

 
$
979

Fixed charges
 
386

 
385

 
384

 
384

 
385

Total earnings available for fixed charges
 
$
1,514

 
$
1,488

 
$
1,407

 
$
1,391

 
$
1,364

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
381

 
$
380

 
$
379

 
$
379

 
$
379

Estimated interest portion of rentals
 
 
 
 
 
 
 
 
 
 
charged to expense
 
5

 
5

 
5

 
5

 
6

Total fixed charges
 
$
386

 
$
385

 
$
384

 
$
384

 
$
385

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.9x

 
3.9x

 
3.7x

 
3.6x

 
 3.5x