Fiscal Year Ended September 30, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
EARNINGS: |
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Income from Continuing Operations |
$ | 219,133 | $ | 103,484 | $ | 266,907 | $ | 201,248 | $ | 185,301 | ||||||||||
Plus Income Tax Expense |
137,227 | 52,859 | 167,672 | 131,291 | 108,241 | |||||||||||||||
Less Investment Tax Credit (1) |
(697 | ) | (697 | ) | (697 | ) | (697 | ) | (697 | ) | ||||||||||
(Less Income) Plus Loss from Unconsolidated Subsidiaries (3) |
(2,488 | ) | (1,562 | ) | (6,303 | ) | (4,979 | ) | (3,583 | ) | ||||||||||
Plus Distributions from Unconsolidated Subsidiaries |
2,600 | 2,900 | 8,280 | 1,613 | 4,651 | |||||||||||||||
Plus Interest Expense on Long-Term Debt |
87,190 | 79,419 | 70,099 | 68,446 | 72,629 | |||||||||||||||
Plus Other Interest Expense |
6,756 | 7,370 | 3,271 | 4,155 | 4,050 | |||||||||||||||
Less Amortization of Loss on Reacquired Debt |
(1,093 | ) | (1,124 | ) | (1,156 | ) | (1,119 | ) | (1,118 | ) | ||||||||||
Plus (Less) Allowance for Borrowed Funds Used in Construction |
323 | 1,174 | 2,100 | 374 | 296 | |||||||||||||||
Plus (Less) Other Capitalized Interest |
1,056 | — | — | — | — | |||||||||||||||
Plus Rentals (2) |
1,707 | 1,867 | 2,229 | 2,685 | 2,810 | |||||||||||||||
$ | 451,714 | $ | 245,690 | $ | 512,402 | $ | 403,017 | $ | 372,580 | |||||||||||
FIXED CHARGES: |
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Interest & Amortization of Premium and Discount of Funded Debt |
$ | 87,190 | $ | 79,419 | $ | 70,099 | $ | 68,446 | $ | 72,629 | ||||||||||
Plus Other Interest Expense |
6,756 | 7,370 | 3,271 | 4,155 | 4,050 | |||||||||||||||
Less Amortization of Loss on Reacquired Debt |
(1,093 | ) | (1,124 | ) | (1,156 | ) | (1,119 | ) | (1,118 | ) | ||||||||||
Plus (Less) Allowance for Borrowed Funds Used in Construction |
323 | 1,174 | 2,100 | 374 | 296 | |||||||||||||||
Plus (Less) Other Capitalized Interest |
1,056 | — | — | — | — | |||||||||||||||
Plus Rentals (2) |
1,707 | 1,867 | 2,229 | 2,685 | 2,810 | |||||||||||||||
$ | 95,939 | $ | 88,706 | $ | 76,543 | $ | 74,541 | $ | 78,667 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES |
4.71 | 2.77 | 6.69 | 5.41 | 4.74 |
(1) | Investment Tax Credit is included in Other Income. | |
(2) | Rentals shown above represent the portion of all rentals (other than delay rentals) deemed representative of the interest factor. | |
(3) | Fiscal 2009 includes an impairment of an investment in a partnership of $1,804. |