EX-12.1 3 pacificorp123113ex121.htm STATEMENTS OF COMPUTATION OF RATIO PacifiCorp 12.31.13 EX 12.1


EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)

 
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
before income tax expense
 
$
979

 
$
734

 
$
768

 
$
777

 
$
784

Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
385

 
385

 
397

 
392

 
398

Deduct:
 
 
 
 
 
 
 
 
 
 
Net income attributable to noncontrolling
 
 
 
 
 
 
 
 
 
 
interest in subsidiary that has not
 
 
 
 
 
 
 
 
 
 
incurred fixed charges
 
—

 
—

 
—

 
—

 
(8
)
Total earnings available for fixed charges
 
$
1,364

 
$
1,119

 
$
1,165

 
$
1,169

 
$
1,174

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
379

 
$
380

 
$
392

 
$
387

 
$
394

Estimated interest portion of rentals
 
 
 
 
 
 
 
 
 
 
charged to expense
 
6

 
5

 
5

 
5

 
4

Total fixed charges
 
$
385

 
$
385

 
$
397

 
$
392

 
$
398

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.5x

 
2.9x

 
2.9x

 
 3.0x

 
 2.9x