EX-12.01 2 spsex120110k2016.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
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
234,271

 
$
202,288

 
$
205,054

 
$
148,938

 
$
168,598

Add: Fixed charges
112,793

 
109,073

 
105,946

 
104,534

 
103,760

Total earnings, as defined
$
347,064

 
$
311,361

 
$
311,000

 
$
253,472

 
$
272,358

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
88,671

 
$
84,040

 
$
80,218

 
$
77,866

 
$
69,074

Interest component of leases
24,122

 
25,033

 
25,728

 
26,668

 
34,686

Total fixed charges, as defined
$
112,793

 
$
109,073

 
$
105,946

 
$
104,534

 
$
103,760

Ratio of earnings to fixed charges
3.1

 
2.9

 
2.9

 
2.4

 
2.6