EX-12 2 ex12.txt Exhibit 12 THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES -------------------------------------------------------------
Fiscal Year Ended September 30, ------------------------------- 2005 2004 2003 2002 2001 ---- ---- ---- ---- ---- (Thousands of Dollars) Income before interest charges and income taxes $91,435 $84,196 $80,270 $60,440 $73,742 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 3,250 2,333 2,873 2,662 313 ------------------------------------------------------------------- Total Earnings $94,685 $86,529 $83,143 $63,102 $74,055 =================================================================== Interest on long-term debt $22,835 $22,010 $20,169 $20,820 $18,372 Other Interest 7,714 6,804 6,802 4,989 10,067 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 3,250 2,333 2,873 2,662 313 ------------------------------------------------------------------- Total Fixed Charges $33,799 $31,147 $29,844 $28,471 $28,752 =================================================================== Ratio of Earnings to Fixed Charges 2.80 2.78 2.79 2.22 2.58
LACLEDE GAS COMPANY SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES -------------------------------------------------------------
Fiscal Year Ended September 30, ------------------------------- 2005 2004 2003 2002 2001 ---- ---- ---- ---- ---- (Thousands of Dollars) Income before interest charges and income taxes $72,092 $73,956 $76,274 $56,154 $73,742 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 938 538 457 315 313 ------------------------------------------------------------------- Total Earnings $73,030 $74,494 $76,731 $56,469 $74,055 =================================================================== Interest on long-term debt $22,835 $22,010 $20,169 $20,820 $18,372 Other Interest 4,076 3,192 3,752 4,285 10,067 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 938 538 457 315 313 ------------------------------------------------------------------- Total Fixed Charges $27,849 $25,740 $24,378 $25,420 $28,752 =================================================================== Ratio of Earnings to Fixed Charges 2.62 2.89 3.15 2.22 2.58