EX-12.. 2 exhibit121earningstofixedc.htm EXHIBIT 12.1 EARNINGS TO FIXED CHARGES 2017 Exhibit


Exhibit 12.1

NorthWestern Corporation
Computation of Ratio of Consolidated Earning to Consolidated Fixed Charges
 
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
(in thousands, except ratios)
Earnings
 
 
 
 
 
 
 
 
 
Income before income taxes
$
176,071

 
$
156,525

 
$
181,246

 
$
110,414

 
$
108,284

Add: Fixed changes as below
95,627

 
98,028

 
97,806

 
82,793

 
74,280

Total
$
271,698

 
$
254,553

 
$
279,052

 
$
193,207

 
$
182,564

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest charges
$
92,263

 
$
94,970

 
$
92,153

 
$
77,802

 
$
70,486

Interest on rent expense
543

 
614

 
779

 
731

 
672

Capitalized interest and allowance for funds used during construction
2,821

 
2,444

 
4,874

 
4,260

 
3,122

Total
$
95,627

 
$
98,028

 
$
97,806

 
$
82,793

 
$
74,280

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
2.8

 
2.6

 
2.9

 
2.3

 
2.5