Exhibit 12.1
SPIRE INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| (Dollars in Millions) | Years Ended September 30, | Three Months December 31, | ||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2016 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income before income taxes | $ | 88.9 | $ | 70.4 | $ | 116.9 | $ | 199.1 | $ | 213.7 | $ | 67.5 | ||||||||||||
Add: Fixed Charges (from below) | 26.5 | 30.6 | 48.3 | 78.0 | 80.8 | 23.1 | ||||||||||||||||||
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Total Earnings | $ | 115.4 | $ | 101.0 | $ | 165.2 | $ | 277.1 | $ | 294.5 | $ | 90.6 | ||||||||||||
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Fixed Charges | ||||||||||||||||||||||||
Interest on long-term debt | $ | 23.0 | $ | 25.5 | $ | 39.3 | $ | 66.6 | $ | 67.6 | $ | 19.1 | ||||||||||||
Other interest charges | 2.0 | 3.1 | 6.9 | 8.0 | 9.6 | 3.0 | ||||||||||||||||||
One third of applicable rentals charged to operating expense (which approximates the interest portion) | 1.5 | 2.0 | 2.1 | 3.4 | 3.4 | 0.9 | ||||||||||||||||||
Add back: Allowance for borrowed funds used during construction | — | — | — | — | 0.2 | 0.1 | ||||||||||||||||||
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Total Fixed Charges | $ | 26.5 | $ | 30.6 | $ | 48.3 | $ | 78.0 | $ | 80.8 | $ | 23.1 | ||||||||||||
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Ratios of Earnings to Fixed Charges | 4.35 | 3.30 | 3.41 | 3.55 | 3.64 | 3.92 | ||||||||||||||||||