EX-12 5 sjiexh12123113ratioofearni.htm EXHIBIT 12 SJI Exh 12 12.31.13 Ratio of Earnings to Fixed Charges


 
 
 
 
 
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,
 
 
 
 
 
 
 
2013
2012
2011
2010
2009
 
 
 
 
 
 
Net Income*
82,389

92,776

89,859

67,285

58,532

 
 
 
 
 
 
Income Taxes
(19,014
)
11,479

22,502

28,811

34,302

 
 
 
 
 
 
Fixed Charges**
27,509

24,344

25,298

22,265

19,314

 
 
 
 
 
 
Capitalized Interest
(8,684
)
(5,358
)
(1,220
)
(369
)
(322
)
 
 
 
 
 

 

 
 
 
 
 

 

Total Available
82,200

123,241

136,439

117,992

111,826

 
 
 
 
 

 

 
 
 
 
 

 

 
 
 
 
 

 

Total Available
3.0
x
5.1
x
5.4
x
5.3
x
5.8
x
Fixed Charges
 
 

 

 

 
 
 
 

 

 

 

 
 
 

 

 

 

* Income from Continuing Operations.
 
 

 

 

 

 
 
 
 
 
 
** Includes interest charges and capitalized interest.