EX-12 3 lgc-2013331xex12.htm EXHIBIT 12 LGC-2013.3.31-EX12

Exhibit 12
LACLEDE GAS COMPANY

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
 
 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
Mar. 31,
 
September 30,
(Thousands of Dollars)
2013
 
2012
 
2011
 
2010
 
2009
 
2008
Income before interest
 
 
 
 
 
 
 
 
 
 
 
charges and income taxes
$
102,944

 
$
93,515

 
$
102,317

 
$
84,727

 
$
77,395

 
$
84,684

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
1,688

 
1,569

 
1,780

 
1,820

 
1,833

 
1,691

Total Earnings
$
104,632

 
$
95,084

 
$
104,097

 
$
86,547

 
$
79,228

 
$
86,375

 
 
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
22,363

 
$
22,958

 
$
23,161

 
$
24,583

 
$
24,583

 
$
19,851

Other interest
2,022

 
2,198

 
2,383

 
2,269

 
5,770

 
10,363

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
1,688

 
1,569

 
1,780

 
1,820

 
1,833

 
1,691

Total Fixed Charges
$
26,073

 
$
26,725

 
$
27,324

 
$
28,672

 
$
32,186

 
$
31,905

Ratio of Earnings to Fixed
 
 
 
 
 
 
 
 
 
 
 
Charges
4.01

 
3.56

 
3.81

 
3.02

 
2.46

 
2.71