EX-12 3 iex12.txt SOUTH JERSEY INDUSTRIES EX 12 TO FORM 10K 12/31/01 Exhibit 12 SOUTH JERSEY INDUSTRIES, INC. Calculation of Ratio of Earnings from Continuing Operations to Fixed Charges (Before Income Taxes) (IN THOUSANDS)
Fiscal Year Ended December 31, ---------------------------------------------------------------------------------------- 2001 2000 1999 1998 1997 ---------------------------------------------------------------------------------------- Net Income* $26,869 $24,741 $21,962 $13,506 $18,460 Income Taxes 19,295 18,711 16,418 11,703 10,761 Fixed Charges** 24,101 24,392 24,300 22,436 20,320 Capitalized Interest (500) (26) (390) (167) (107) ---------------------------------------------------------------------------------------- Total Available $69,765 $67,818 $62,290 $47,478 $49,434 ======================================================================================== Total Available 2.9x 2.8x 2.6x 2.1x 2.4x ---------------------------------------- Fixed Charges * Net Income before Discontinued Operations. ** Includes interest and preferred securities dividend requirements of a subsidiary.