EX-12 3 w63056aexv12.txt STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 COLUMBIA ENERGY GROUP AND SUBSIDIARIES Statements of Ratio of Earnings to Fixed Charges (in millions)
Twelve Months Twelve Months Ended June 30, Ended December 31, ---------------- ---------------------------------------------- 2002 2001 2001 2000 1999 1998 1997 -------------------------------------------------------------------- ---------------------------------------------- CONSOLIDATED INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES: $520.2 $355.8 $389.2 $449.0 $556.1 $461.1 $397.0 -------------------------------------------------------------------- ---------------------------------------------- ADJUSTMENTS: Interest during construction (2.5) (2.6) (2.2) (2.2) (2.8) (2.1) (3.0) Distributed (Undistributed) equity income (1.0) (4.8) 2.2 (5.5) (5.8) (0.4) 3.6 Fixed charges* 163.5 182.1 177.9 192.8 183.8 163.3 180.5 -------------------------------------------------------------------- ---------------------------------------------- Earnings available $680.2 $530.5 $567.1 $634.1 $731.3 $621.9 $578.1 * FIXED CHARGES: Interest on long-term and short-term debt $117.0 $142.7 $123.6 $154.3 $152.9 $145.4 $145.6 Other interest 27.3 23.6 45.9 18.3 14.9 1.4 15.2 Portion of rentals representing interest 19.2 15.8 8.4 20.2 16.0 16.5 19.7 -------------------------------------------------------------------- ---------------------------------------------- Total Fixed Charges $163.5 $182.1 $177.9 $192.8 $183.8 $163.3 $180.5 RATIO OF EARNINGS TO FIXED CHARGES 4.16 2.91 3.19 3.29 3.98 3.81 3.20 ==================================================================== ==============================================
Prior periods have been restated to reflect discontinued operations. 20