Exhibit 12.1
UNITIL CORPORATION
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
(000’s, except ratios) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Net Income, per Consolidated Statement of Earnings | $ | 26,264 | $ | 24,758 | $ | 21,629 | $ | 18,196 | $ | 16,439 | ||||||||||
Federal and State Income Taxes included in Operations | 15,456 | 13,995 | 12,652 | 10,976 | 10,025 | |||||||||||||||
Interest on Long-Term Debt | 21,692 | 20,301 | 19,907 | 19,948 | 19,987 | |||||||||||||||
Amortization of Debt Discount Expense | 299 | 286 | 302 | 324 | 340 | |||||||||||||||
Other Interest | 1,763 | 1,661 | 1,737 | 2,003 | 1,760 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total | $ | 65,474 | $ | 61,001 | $ | 56,227 | $ | 51,447 | $ | 48,551 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest of Long-Term Debt | $ | 21,692 | $ | 20,301 | $ | 19,907 | $ | 19,948 | $ | 19,987 | ||||||||||
Amortization of Debt Discount Expense | 299 | 286 | 302 | 324 | 340 | |||||||||||||||
Other Interest | 1,763 | 1,661 | 1,737 | 2,003 | 1,760 | |||||||||||||||
Pre-tax Preferred Stock Dividend Requirements | 19 | 22 | 22 | 165 | 211 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total | $ | 23,773 | $ | 22,270 | $ | 21,968 | $ | 22,440 | $ | 22,298 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of Earnings to Fixed Charges | 2.75 | 2.74 | 2.56 | 2.29 | 2.18 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|