EX-12 5 c83862exv12.txt 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 Ended December 31, --------------------------------------------------------- 2003 2002 2001 2000 1999 ------------------------------------------------------------------------------------------------------------- CONSOLIDATED INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES: 727.8 662.3 453.7 455.9 529.6 ADJUSTMENTS: Distributed (Undistributed) equity income 0.1 (2.5) 2.2 (5.5) (5.8) Fixed charges * 91.6 124.4 165.9 190.5 181.7 -------------------------------------------------------------------------------------------------------------- Earnings available 819.5 784.2 621.8 640.9 705.5 *FIXED CHARGES: Interest on long-term and short-term debt 85.8 117.9 161.4 172.0 167.5 Portion of rentals representing interest 5.8 6.5 4.5 18.5 14.2 -------------------------------------------------------------------------------------------------------------- Total Fixed Charges 91.6 124.4 165.9 190.5 181.7 RATIO OF EARNINGS TO FIXED CHARGES 8.95 6.30 3.75 3.36 3.88 ==============================================================================================================
Prior periods have been restated to reflect discontinued operations.