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New words:
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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)
Year Ended Dec. 31 | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings, as defined: | |||||||||||||||||||
Pretax income | $ | 746,298 | $ | 737,409 | $ | 745,242 | $ | 698,779 | $ | 704,123 | |||||||||
Add: Fixed charges | 241,434 | 236,080 | 235,530 | 232,832 | 232,539 | ||||||||||||||
Total earnings, as defined | $ | 987,732 | $ | 973,489 | $ | 980,772 | $ | 931,611 | $ | 936,662 | |||||||||
Fixed charges, as defined: | |||||||||||||||||||
Interest charges | $ | 190,694 | $ | 181,631 | $ | 177,430 | $ | 171,881 | $ | 173,602 | |||||||||
Interest charges on life insurance policy borrowings | 271 | 203 | 233 | 214 | 245 | ||||||||||||||
Interest component of leases | 50,469 | 54,246 | 57,867 | 60,737 | 58,692 | ||||||||||||||
Total fixed charges, as defined | $ | 241,434 | $ | 236,080 | $ | 235,530 | $ | 232,832 | $ | 232,539 | |||||||||
Ratio of earnings to fixed charges | 4.1 | 4.1 | 4.2 | 4.0 | 4.0 |