Exhibit 12.1
UNITIL CORPORATION
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
(000’s, except ratios) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Net Income, per Consolidated Statement of Earnings | $ | 29,005 | $ | 27,124 | $ | 26,264 | $ | 24,758 | $ | 21,629 | ||||||||||
Federal and State Income Taxes included in Operations | 17,537 | 15,354 | 15,456 | 13,995 | 12,652 | |||||||||||||||
Interest on Long-Term Debt | 21,468 | 21,534 | 21,692 | 20,301 | 19,907 | |||||||||||||||
Amortization of Debt Discount Expense | 343 | 315 | 299 | 286 | 302 | |||||||||||||||
Other Interest | 3,676 | 1,966 | 1,763 | 1,661 | 1,737 | |||||||||||||||
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Total | $ | 72,029 | $ | 66,293 | $ | 65,474 | $ | 61,001 | $ | 56,227 | ||||||||||
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Fixed Charges: | ||||||||||||||||||||
Interest of Long-Term Debt | $ | 21,468 | $ | 21,534 | $ | 21,692 | $ | 20,301 | $ | 19,907 | ||||||||||
Amortization of Debt Discount Expense | 343 | 315 | 299 | 286 | 302 | |||||||||||||||
Other Interest | 3,676 | 1,966 | 1,763 | 1,661 | 1,737 | |||||||||||||||
Pre-tax Preferred Stock Dividend Requirements | 18 | 17 | 19 | 22 | 22 | |||||||||||||||
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Total | $ | 25,505 | $ | 23,832 | $ | 23,773 | $ | 22,270 | $ | 21,968 | ||||||||||
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Ratio of Earnings to Fixed Charges | 2.82 | 2.78 | 2.75 | �� | 2.74 | 2.56 | ||||||||||||||
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