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Questar Gas Company
Ratio of Earnings to Fixed Charges
| | Year ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| | 2002 | 2001 | 2000 | ||||||
| | (dollars in thousands) | ||||||||
| Earnings | |||||||||
| Income before income taxes | $ | 50,188 | $ | 39,763 | $ | 37,052 | |||
| Plus debt expense | 22,495 | 23,777 | 21,041 | ||||||
| Plus allowance for borrowed funds used during construction | 212 | 476 | 909 | ||||||
| Plus interest portion of rental expense | 770 | 734 | 721 | ||||||
| $ | 73,665 | $ | 64,750 | $ | 59,723 | ||||
| Fixed Charges | |||||||||
| Debt expense | $ | 22,495 | $ | 23,777 | $ | 21,041 | |||
| Plus allowance for borrowed funds used during construction | 212 | 476 | 909 | ||||||
| Plus interest portion of rental expense | 770 | 734 | 721 | ||||||
| $ | 23,477 | $ | 24,987 | $ | 22,671 | ||||
| Ratio of Earnings to Fixed Charges(1) | 3.14 | 2.59 | 2.63 | ||||||
- (1)
- For purposes of this presentation, earnings represent income before income taxes and fixed charges. Fixed charges consist of total interest charges, amortization of debt issuance costs and losses from reacquiring debt, and the interest portion of rental costs, estimated at 50% for the purpose of this calculation.
Questar Gas Company Ratio of Earnings to Fixed Charges