Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
accomplish, accredited, accuracy, acre, acumen, administered, advisory, advocate, aggressive, aiding, Ailey, aka, ALLETE, Alvin, analytic, annuity, antitrust, AOBA, Aon, apparent, Appendix, appointee, arbitrary, Archdiocese, Armed, array, arrive, ASB, attached, attending, attention, auditor, auto, Automatic, backfilling, background, Barack, baseline, behavior, belonging, beneath, BET, BlackRock, block, Blvd, Boehner, bolstering, Bonawitz, bookkeeping, Boston, Brady, broadened, Brown, Burdensome, Burling, Campaign, candidate, CAO, career, Carolina, categorize, Catholic, ceiling, CEO, CFO, chair, Chamber, chance, Chapel, Chapter, charitable, charter, Chase, cheaper, Chevy, chose, chosen, CIC, civic, Clancy, Clark, clawback, Clayton, cloud, College, Colorado, COMAR, comment, Commerce, commonly, community, compensatory, compounded, conference, conflict, Congressional, consecutive, constrained, consummate, consummated, consummating, consummation, contemplate, contemplated, context, Cornell, costly, counted, Covington, creation, creditor, CTB, culture, Dale, Dance, Daniel, Darden, Dartmouth, dashboard, database, Debra, deep, defense, deferral, delegate, delegated, delinquency, denominated, denominator, departmental, Depot, description, desirable, detriment, detrimental, diminution, discourage, discredit, discretion, discretionary, dismissed, dismissing, displace, diverse, diversity, diverted, docket, drawn, dunning, Dyke, Eagleton, earlier, East, Echo, Edison, effectuated, element, encompassed, English, enjoin, Enterprise, entertainment, ethical, evenly, excellent, excessive, expedient, extra, fact, factual, Fairfax, Fame, farther, fashion, feel, Fellow, figure, fleet, Floyd, foregone, Forfeiture, Fortune, Forum, foundation, founder, fraction, fractional, Franklin, fringe, frozen, fundamental, Gold, good, Gooden, graduate, groundwater, Gun, Hall, hand, hardship, hardware, Hartson, Harvard, Heart, heavily, Hewitt, Hill, Hogan, Home, honorary, horizontal, host, hosting, Howard, HR, HSR, illegal, illustrate, illustrated, ILLUSTRATIVE, immense, imposition, impression, inaccurate, inaugural, inconsistent, incurrence, inducted, innovation, INOVA, Inquiry, insight, instance, insufficient, intelligence, interacted, interfere, interpolated, interpolation, intervene, invaluable, involuntarily, involuntary, ix, jeopardized, Jersey, John, join, joined, Kennedy, Laclede, Lafond, launch, launched, Leader, leadership, Lee, LEED, left, Leidy, Leukemia, liable, license, Lifetime, Lincoln, Linda, Lockheed, Loughran, loyalty, Loyola, LTI, lump, Lybrand, Lymphoma, MA, magazine, Malvern, mandatory, Manual, Marine, Marital, MarketLink, Marriott, Marshall, Martin, Mary, McGuire, meaningfully, media, membership, mentioned, Meridian, methane, metric, MGE, Michael, Minnesota, moderate, modest, Mondale, morale, motivate, Multifamily, municipal, Nancy, narrative, nearest, neutral, neutralize, NFC, nominee, Northwest, Notwithstanding, Nth, numerator, NW, NY, Obama, obscure, omitted, oppose, opposing, Orchestra, outage, outline, outlined, outlining, outplacement, oversaw, overseeing, package, PacTel, Paley, Paul, payout, Pelosi, Pepco, percentile, permissible, Perpetual, perquisite, perspective, pertinent, Petroleum, philanthropic, philosophy, pilot, pledge, pledging, PNM, practical, practice, preceding, preferential, preliminary, Premerger, presidential, print, prioritized, Proceed, proportion, prorate, prorated, prosperity, pursuit, rank, ratification, rationale, reconnection, recoup, Recoupment, regression, regular, relocate, remote, reopening, reorganization, reorganized, residence, Revlon, reward, rewarding, Richfield, Richmond, Robert, Rodino, ROE, Rosenthal, Rounded, Roundtable, salesmen, salient, sample, San, Saul, School, Science, scorecard, secondarily, seventeen, SF, SFEE, SFRC, shape, shift, Signet, simultaneously, slowly, Smithsonian, smooth, snapshot, software, soliciting, sophisticated, sound, South, Southern, Speaker, Spectrum, Spire, split, spouse, St, standalone, statute, steadfastly, STI, stipulation, straight, strategist, Strathmore, stronger, subscription, Suburban, succeed, successor, suggesting, supervisor, surface, survey, surviving, survivor, Symphony, talent, tally, team, teamwork, TechAmerica, telecommunication, Television, tenure, text, Theater, thereunder, tie, tied, translated, tribunal, TSR, turnkey, twelve, Twitter, Tyson, unanimously, unexercised, unique, University, unmarried, unreasonably, unreduced, unrelated, unresolved, unvested, unwritten, vacation, validity, valuable, Vanguard, vehicle, vendor, Vermont, vertical, Viacom, viewed, Violence, VISION, volunteer, volunteered, VSE, waiting, waived, Walter, Washing, wealth, weekly, welfare, Wetzel, whichever, willfully, window, withheld, WMATA, Women, worker, worth, Wrangler, writer, xi, xii, Youngstown, Zoo
Removed:
abandoned, actuarially, branding, consisting, Crab, deny, Dickstein, enact, ESS, extreme, hereof, inflationary, issuing, leaseback, lowering, Maritime, Med, Modernization, passive, pharmaceutical, Plaza, quick, reinstatement, Roberta, Shapiro, sponsored, today, unearned, unrecoverable, wraparound, WSS, Yankee
Filing tables
Filing exhibits
Related press release
WGLCP similar filings
Filing view
External links
Exhibit 12.1
WGL HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
Twelve Months Ended September 30, | ||||||||||||||||||||
($ in thousands) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
EARNINGS: | ||||||||||||||||||||
Pre-Tax Net Income(a) | $ | 268,806 | $ | 252,632 | $ | 210,915 | $ | 161,320 | $ | 132,355 | ||||||||||
Add: | ||||||||||||||||||||
Distributed Income (Loss) of Equity Investees | 20,161 | 13,806 | 5,468 | 3,194 | 1,510 | |||||||||||||||
Total Fixed Charges | 79,856 | 55,225 | 53,471 | 39,484 | 37,893 | |||||||||||||||
Less: Capitalized Interest(b) | (2,909 | ) | — | — | — | — | ||||||||||||||
Total Earnings | $ | 365,914 | $ | 321,663 | $ | 269,854 | $ | 203,998 | $ | 171,758 | ||||||||||
FIXED CHARGES: | ||||||||||||||||||||
Interest expensed and capitalized | $ | 74,739 | $ | 51,809 | $ | 50,450 | $ | 36,383 | $ | 34,512 | ||||||||||
Other Interest (excluding AFUDC) | 1,250 | 298 | 658 | 918 | 905 | |||||||||||||||
Amortization of Debt Premium, Discount and Expense | 974 | 303 | 373 | 345 | 337 | |||||||||||||||
One-third of Rental Expense(c) | 2,893 | 2,815 | 1,990 | 1,838 | 2,139 | |||||||||||||||
Total Fixed Charges | $ | 79,856 | $ | 55,225 | $ | 53,471 | $ | 39,484 | $ | 37,893 | ||||||||||
Ratio of Earnings to Fixed Charges | 4.6 | 5.8 | 5.0 | 5.2 | 4.5 | |||||||||||||||
FIXED CHARGES AND PRE-TAX PREFERRED STOCK DIVIDENDS: | ||||||||||||||||||||
Pre-Tax Preferred Dividend Requirement | $ | 1,320 | $ | 1,320 | $ | 1,320 | $ | 1,320 | $ | 1,320 | ||||||||||
Effective Income Tax Rate | 0.3846 | 0.3681 | 0.3871 | 0.3480 | 0.3906 | |||||||||||||||
Complement of Effective Income Tax Rate (1-Tax Rate) | 0.6154 | 0.6319 | 0.6129 | 0.6520 | 0.6094 | |||||||||||||||
Preferred Dividend Requirement | $ | 2,145 | $ | 2,089 | $ | 2,154 | $ | 2,025 | $ | 2,166 | ||||||||||
Combined Fixed Charges and Preferred Dividends | $ | 82,001 | $ | 57,314 | $ | 55,625 | $ | 41,509 | $ | 40,059 | ||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends | 4.5 | 5.6 | 4.9 | 4.9 | 4.3 |
(a) Excludes amounts attributable to income or loss from equity investees and non-controlling interests.
(b) Capitalized interest amounts attributable to 2016 and 2015 were $2.1 million and $1.1 million respectively. There was no capitalized interest for 2014 and 2013.
(c) Management believes one-third of the total rental expense gives a reasonable estimate of total interest on rentals.