EX-12.1 6 ogs10-k2016exhibit121.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit
Exhibit 12.1

ONE Gas, Inc
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
(Unaudited)
2016
 
2015
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
47,340

 
$
47,170

 
$
48,380

 
$
62,635

 
$
62,088

 
Interest on lease agreements
2,869

 
1,673

 
1,661

 
1,602

 
1,601

 
Total fixed charges
50,209

 
48,843

 
50,041

 
64,237

 
63,689

 
Earnings before income taxes
225,338

 
192,009

 
178,128

 
161,467

 
156,360

 
Earnings available for fixed charges
$
275,547

 
$
240,852

 
$
228,169

 
$
225,704

 
$
220,049

 
Ratio of earnings to fixed charges
5.49

x
4.93

x
4.56

x
3.51

x
3.46

x