EX-12.1 7 ogs10-k2017exhibit121.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)
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
49,022

 
$
47,340

 
$
47,170

 
$
48,380

 
$
62,635

 
Interest on lease agreements
2,902

 
2,869

 
1,673

 
1,661

 
1,602

 
Total fixed charges
51,924

 
50,209

 
48,843

 
50,041

 
64,237

 
Earnings before income taxes
256,138

 
225,338

 
192,009

 
178,128

 
161,467

 
Earnings available for fixed charges
$
308,062

 
$
275,547

 
$
240,852

 
$
228,169

 
$
225,704

 
Ratio of earnings to fixed charges
5.93

x
5.49

x
4.93

x
4.56

x
3.51

x