EX-12.1 4 ex121ggcratioofearningstof.htm EXHIBIT 12.1 EX 12.1 GGC Ratio of Earnings to Fixed Charges

Exhibit 12.1

Questar Gas Company
Ratio of Earnings to Fixed Charges


 
3 Months Ended March 31,
Year Ended December 31,

 
2012
 
2011
2011
 
2010
 
2009
 
2008
 
2007
 
(unaudited)
 
Earnings
(dollars in millions)
Income before income taxes
$
56.2

 
$
53.8

$
73.6

 
$
69.1

 
$
66.0

 
$
64.2

 
$
59.7

Add (deduct):
 
 
 
 
 
 
 
 
 
 
 
 
  Fixed charges
7.0

 
6.8

26.6

 
27.7

 
30.1

 
27.3

 
25.7

  Capitalized interest
—

 
—

(0.1
)
 
(0.2
)
 
(0.3
)
 
(0.8
)
 
(0.7
)
Total Earnings
$
63.2

 
$
60.6

$
100.1

 
$
96.6

 
$
95.8

 
$
90.7

 
$
84.7

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
6.8

 
$
6.6

$
25.9

 
$
26.2

 
$
28.5

 
$
25.2

 
$
23.8

Capitalized interest
—

 
—

0.1

 
0.2

 
0.3

 
0.8

 
0.7

Estimate of interest within rental expense
0.2

 
0.2

0.6

 
1.3

 
1.3

 
1.3

 
1.2

Total Fixed Charges
7.0

 
6.8

26.6

 
27.7

 
30.1

 
27.3

 
25.7

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
9.0

 
8.9

3.8

 
3.5

 
3.2

 
3.3

 
3.3


For purposes of this presentation, earnings represent income before income taxes adjusted for fixed charges. Fixed charges consist of total interest charges (expensed and capitalized), amortization of debt issuance costs and losses from reacquired debt, and the interest portion of rental expense estimated at 50%.