EX-12 3 lg-20140331xex12.htm EXHIBIT 12 LG-2014.03.31-EX12


Exhibit 12

THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES
 
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 

 
 
 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
Mar. 31,
 
September 30,
(Thousands of Dollars)
2014
 
2013
 
2012
 
2011
 
2010
 
2009
Income from continuing
     operations before interest
 
 
 
 
 
 
 
 
 
 
 
charges and income taxes
$
154,063

 
$
98,938

 
$
113,875

 
$
118,424

 
$
107,986

 
$
126,517

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
1,975

 
2,009

 
1,591

 
1,799

 
1,825

 
1,833

Total Earnings
$
156,038

 
$
100,947

 
$
115,466

 
$
120,223

 
$
109,811

 
$
128,350

 
 
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
32,736

 
$
25,539

 
$
22,958

 
$
23,161

 
$
24,583

 
$
24,583

Other interest
2,968

 
3,063

 
1,988

 
2,256

 
2,269

 
5,163

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
1,975

 
2,009

 
1,591

 
1,799

 
1,825

 
1,833

Total Fixed Charges
$
37,679

 
$
30,611

 
$
26,537

 
$
27,216

 
$
28,677

 
$
31,579

Ratio of Earnings to Fixed
 
 
 
 
 
 
 
 
 
 
 
Charges
4.14

 
3.30

 
4.35

 
4.42

 
3.83

 
4.06