EX-12 7 ques12.txt EX-12 .01 Exhibit No. 12.01
Questar Pipeline Company and Subsidiaries Ratio of Earnings to Fixed Charges 12 Months Year Ended December 31, Ended March 31, 1996 1997 1998 1999 2000 2001 -------------------------------------------------------------------------------- (Dollars in Thousands) EARNINGS Income (loss) before income taxes $36,058 $42,906 $42,831 ($13,651) $43,514 $44,180 Income from Overthrust Pipeline Company ($182) Plus debt expense 13,416 13,536 14,456 17,466 17,584 17,154 Plus allowance for borrowed funds used during construction 229 210 625 2,677 3,315 3,299 Plus interest portion of rental expense 280 261 342 173 367 363 ----------------------------------------------------------------------------- $49,801 $56,913 $58,254 $6,665 $64,780 $64,996 ============================================================================= FIXED CHARGES Debt expense $13,416 $13,536 $14,456 $17,466 $17,584 $17,154 Plus allowance for borrowed funds used during construction 229 210 625 2,677 3,315 3,299 Plus interest portion of rental expense 280 261 342 173 367 363 ----------------------------------------------------------------------------- $13,925 $14,007 $15,423 $20,316 $21,266 $20,816 ============================================================================= Ratio of Earnings to Fixed Charges (1) 3.58 4.06 3.78 0.33 3.05 3.12 (1) For purposes of this presentation, earnings represent income from continuing operations before income taxes and fixed charges. Fixed charges consist of total interest charges, amortization of debt issuance costs and debt discounts and the interest portion of rental costs.