Exhibit 12
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES |
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
Twelve Months Ended | |||||||||||||||||||||||
June 30, | September 30, | ||||||||||||||||||||||
(Thousands of Dollars) | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||
Income from continuing operations before interest | |||||||||||||||||||||||
charges and income taxes | $ | 109,611 | $ | 113,875 | $ | 118,424 | $ | 107,986 | $ | 126,517 | $ | 113,228 | |||||||||||
Add: One third of applicable | |||||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||||
the interest factor) | 1,827 | 1,591 | 1,799 | 1,825 | 1,833 | 1,691 | |||||||||||||||||
Total Earnings | $ | 111,438 | $ | 115,466 | $ | 120,223 | $ | 109,811 | $ | 128,350 | $ | 114,919 | |||||||||||
Interest on long-term debt | $ | 23,132 | $ | 22,958 | $ | 23,161 | $ | 24,583 | $ | 24,583 | $ | 19,851 | |||||||||||
Other interest | 2,645 | 1,988 | 2,256 | 2,269 | 5,163 | 9,626 | |||||||||||||||||
Add: One third of applicable | |||||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||||
the interest factor) | 1,827 | 1,591 | 1,799 | 1,825 | 1,833 | 1,691 | |||||||||||||||||
Total Fixed Charges | $ | 27,604 | $ | 26,537 | $ | 27,216 | $ | 28,677 | $ | 31,579 | $ | 31,168 | |||||||||||
Ratio of Earnings to Fixed | |||||||||||||||||||||||
Charges | 4.04 | 4.35 | 4.42 | 3.83 | 4.06 | 3.69 |