EX-12.1 2 exhibit121earningstofixedc.htm EARNINGS TO FIXED CHARGES WebFilings | EDGAR view
 

Exhibit 12.1
 
NorthWestern Corporation
Computation of Ratio of Consolidated Earning to Consolidated Fixed Charges
 
Year ended December 31,
 
2010
 
2009
 
2008
 
2007
 
2006
 
(in thousands, except ratios)
Earnings
 
 
 
 
 
 
 
 
 
Income before income taxes
$
103,136
 
 
$
88,724
 
 
$
107,822
 
 
$
85,579
 
 
$
63,413
 
Add: Fixed changes as below
70,946
 
 
69,406
 
 
64,937
 
 
63,527
 
 
66,699
 
Total
174,082
 
 
158,130
 
 
172,759
 
 
149,106
 
 
130,112
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest charges
$
65,826
 
 
$
67,760
 
 
$
63,952
 
 
$
56,942
 
 
$
56,016
 
Interest on rent expense
670
 
 
608
 
 
687
 
 
6,338
 
 
10,311
 
Capitalized interest and allowance for funds used during construction
4,450
 
 
1,038
 
 
298
 
 
247
 
 
372
 
Total
70,946
 
 
69,406
 
 
64,937
 
 
63,527
 
 
66,699
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.45
 
2.28
 
2.66
 
2.35
 
1.95