Exhibit 12.01
PUBLIC SERVICE CO. OF COLORADO AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended March 31, 2017 | | Year Ended Dec. 31 |
| | 2016 | | 2015 | | 2014 | | 2013 | | 2012 |
Earnings, as defined: | | | |
| | |
| | |
| | |
| | |
|
Pretax income | $ | 176,771 |
| | $ | 737,409 |
| | $ | 745,242 |
| | $ | 698,779 |
| | $ | 704,123 |
| | $ | 690,620 |
|
Add: Fixed charges | 58,976 |
| | 236,080 |
| | 235,530 |
| | 232,832 |
| | 232,539 |
| | 254,443 |
|
Total earnings, as defined | $ | 235,747 |
| | $ | 973,489 |
| | $ | 980,772 |
| | $ | 931,611 |
| | $ | 936,662 |
| | $ | 945,063 |
|
Fixed charges, as defined: | | | |
| | |
| | |
| | |
| | |
|
Interest charges | $ | 45,882 |
| | $ | 181,631 |
| | $ | 177,430 |
| | $ | 171,881 |
| | $ | 173,602 |
| | $ | 188,094 |
|
Interest charges on life insurance policy borrowings | 59 |
| | 203 |
| | 233 |
| | 214 |
| | 245 |
| | 310 |
|
Interest component of leases | 13,035 |
| | 54,246 |
| | 57,867 |
| | 60,737 |
| | 58,692 |
| | 66,039 |
|
Total fixed charges, as defined | $ | 58,976 |
| | $ | 236,080 |
| | $ | 235,530 |
| | $ | 232,832 |
| | $ | 232,539 |
| | $ | 254,443 |
|
Ratio of earnings to fixed charges | 4.0 |
| | 4.1 |
| | 4.2 |
| | 4.0 |
| | 4.0 |
| | 3.7 |
|