EX-12 2 lgc-2014331xex12.htm EXHIBIT 12 LGC-2014.3.31-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)
2014
 
2013
 
2012
 
2011
 
2010
 
2009
Income from continuing
     operations before interest
 
 
 
 
 
 
 
 
 
 
 
charges and income taxes
$
132,557

 
$
89,553

 
$
93,515

 
$
102,317

 
$
84,757

 
$
77,395

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
1,955

 
1,990

 
1,569

 
1,780

 
1,820

 
1,833

Total Earnings
$
134,512

 
$
91,543

 
$
95,084

 
$
104,097

 
$
86,577

 
$
79,228

 
 
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
31,908

 
$
24,884

 
$
22,958

 
$
23,161

 
$
24,583

 
$
24,583

Other interest
1,747

 
1,253

 
2,198

 
2,383

 
2,269

 
5,770

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
1,955

 
1,990

 
1,569

 
1,780

 
1,820

 
1,833

Total Fixed Charges
$
35,610

 
$
28,127

 
$
26,725

 
$
27,324

 
$
28,672

 
$
32,186

Ratio of Earnings to Fixed
 
 
 
 
 
 
 
 
 
 
 
Charges
3.78

 
3.25

 
3.56

 
3.81

 
3.02

 
2.46