EX-12.01 2 spsex120110k2015.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

SOUTHWESTERN PUBLIC SERVICES CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
Year Ended Dec. 31
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
202,288

 
$
205,054

 
$
148,938

 
$
168,598

 
$
145,034

Add: Fixed charges
109,073

 
105,946

 
104,534

 
103,760

 
100,901

Total earnings, as defined
$
311,361

 
$
311,000

 
$
253,472

 
$
272,358

 
$
245,935

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
84,040

 
$
80,218

 
$
77,866

 
$
69,074

 
$
65,095

Interest component of leases
25,033

 
25,728

 
26,668

 
34,686

 
35,806

Total fixed charges, as defined
$
109,073

 
$
105,946

 
$
104,534

 
$
103,760

 
$
100,901

Ratio of earnings to fixed charges
2.9

 
2.9

 
2.4

 
2.6

 
2.4