EX-12 6 a2193611zex-12.htm EXHIBIT 12
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Exhibit 12


SOUTHWEST WATER COMPANY AND SUBSIDIARIES

COMPUTATION OF EARNINGS TO FIXED CHARGES RATIOS

 
  Years Ended December 31,(1)  
(In thousands, except for ratio data)
  2008   2007
As Restated
  2006
As Restated
  2005
As Restated
  2004
As Restated
 

Earnings:

                               

Income (loss) from continuing operations before income taxes

  $ (40,648 ) $ 7,486   $ 8,709   $ 4,655   $ (271 )

Total fixed charges

    12,473     12,096     11,559     11,655     8,643  

Less: Interest capitalized

    (338 )   (794 )   (564 )   (737 )   (501 )
                       
 

Total earnings

  $ (28,513 ) $ 18,788   $ 19,704   $ 15,573   $ 7,871  
                       

Fixed Charges:

                               

Interest expense, including amortization of debt discounts and issuance costs

  $ 9,159   $ 8,435   $ 8,439   $ 8,402   $ 5,928  

Interest capitalized

    338     794     564     737     501  

Interest component of rentals(1)

    2,976     2,867     2,556     2,516     2,214  
                       
 

Total fixed charges

  $ 12,473   $ 12,096   $ 11,559   $ 11,655   $ 8,643  
                       

Ratio of Earnings to Fixed Charges:

                               

Ratio

        1.55x     1.70x     1.34x      

Deficiency

  $ 40,986   $   $   $   $ 772  

(1)
Reflects one-third of rental expense under operating leases considered to represent interest costs.



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SOUTHWEST WATER COMPANY AND SUBSIDIARIES
COMPUTATION OF EARNINGS TO FIXED CHARGES RATIOS