EX-12 3 ex12.txt Exhibit 12 THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES -----------------------------------------------------------------
Twelve Months Ended --------------------------------------------------------------------------------- March 31, September 30, ---------------- ------------------------------------------------------------- (Thousands of Dollars) 2005 2004 2003 2002 2001 2000 ---- ---- ---- ---- ---- ---- Income before interest charges and income taxes $87,371 $84,196 $80,270 $60,440 $73,742 $64,078 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 2,765 2,333 2,873 2,662 313 310 ---------------- ------------------------------------------------------------- Total Earnings $90,136 $86,529 $83,143 $63,102 $74,055 $64,388 ================ ============================================================= Interest on long-term debt - Laclede Gas $23,932 $22,010 $20,169 $20,820 $18,372 $15,164 Other interest 7,008 6,804 6,802 4,989 10,067 8,844 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 2,765 2,333 2,873 2,662 313 310 ---------------- ------------------------------------------------------------- Total Fixed Charges $33,705 $31,147 $29,844 $28,471 $28,752 $24,318 ================ ============================================================= Ratio of Earnings to Fixed Charges 2.67 2.78 2.79 2.22 2.58 2.65 LACLEDE GAS COMPANY SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ----------------------------------------------------------------- Twelve Months Ended --------------------------------------------------------------------------------- March 31, September 30, ---------------- ------------------------------------------------------------- (Thousands of Dollars) 2005 2004 2003 2002 2001 2000 ---- ---- ---- ---- ---- ---- Income before interest charges and income taxes $70,623 $73,956 $76,274 $56,154 $73,742 $64,078 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 769 538 457 315 313 310 ---------------- ------------------------------------------------------------- Total Earnings $71,392 $74,494 $76,731 $56,469 $74,055 $64,388 ================ ============================================================= Interest on long-term debt $23,932 $22,010 $20,169 $20,820 $18,372 $15,164 Other interest 3,382 3,192 3,752 4,285 10,067 8,844 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 769 538 457 315 313 310 ---------------- ------------------------------------------------------------- Total Fixed Charges $28,083 $25,740 $24,378 $25,420 $28,752 $24,318 ================ ============================================================= Ratio of Earnings to Fixed Charges 2.54 2.89 3.15 2.22 2.58 2.65