Exhibit 12 | ||||||||||||||||
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES | ||||||||||||||||
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||
Fiscal Year Ended September 30, | ||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||
(Thousands of Dollars) | ||||||||||||||||
Income from continuing operations before interest charges and income taxes | $ | 113,228 | $ | 101,867 | $ | 100,080 | $ | 78,676 | $ | 78,604 | ||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,691 | 1,485 | 1,291 | 938 | 538 | |||||||||||
Total Earnings | $ | 114,919 | $ | 103,352 | $ | 101,371 | $ | 79,614 | $ | 79,142 | ||||||
Interest on long-term debt – Laclede Gas | $ | 19,851 | $ | 22,502 | $ | 22,329 | $ | 22,835 | $ | 22,010 | ||||||
Other Interest | 9,626 | 11,432 | 10,555 | 4,418 | 3,511 | |||||||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,691 | 1,485 | 1,291 | 938 | 538 | |||||||||||
Total Fixed Charges | $ | 31,168 | $ | 35,419 | $ | 34,175 | $ | 28,191 | $ | 26,059 | ||||||
Ratio of Earnings to Fixed Charges | 3.69 | 2.92 | 2.97 | 2.82 | 3.04 | |||||||||||
LACLEDE GAS COMPANY | ||||||||||||||||
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||
Fiscal Year Ended September 30, | ||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||
(Thousands of Dollars) | ||||||||||||||||
Income before interest charges and income taxes | $ | 84,684 | $ | 80,134 | $ | 72,077 | $ | 72,092 | $ | 73,956 | ||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,691 | 1,485 | 1,291 | 938 | 538 | |||||||||||
Total Earnings | $ | 86,375 | $ | 81,619 | $ | 73,368 | $ | 73,030 | $ | 74,494 | ||||||
Interest on long-term debt | $ | 19,851 | $ | 22,502 | $ | 22,329 | $ | 22,835 | $ | 22,010 | ||||||
Other Interest | 10,363 | 11,101 | 10,236 | 4,076 | 3,192 | |||||||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,691 | 1,485 | 1,291 | 938 | 538 | |||||||||||
Total Fixed Charges | $ | 31,905 | $ | 35,088 | $ | 33,856 | $ | 27,849 | $ | 25,740 | ||||||
Ratio of Earnings to Fixed Charges | 2.71 | 2.33 | 2.17 | 2.62 | 2.89 | |||||||||||