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- 10-Q Quarterly report
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 31.3 Exhibit 31.3
- 31.4 Exhibit 31.4
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
- 32.3 Exhibit 32.3
- 32.4 Exhibit 32.4
- PDF Form 10-Q (PDF Courtesy Copy)
- 12.1 Exhibit 12.1 (PDF Courtesy Copy)
- 12.2 Exhibit 12.2 (PDF Courtesy Copy)
EXHIBIT 12.1 | ||||||||||||||||||||
PACIFIC ENTERPRISES | ||||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||
Six months ended | ||||||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | June 30, 2005 | |||||||||||||||
Fixed Charges and Preferred Stock Dividends: | ||||||||||||||||||||
Interest | $ 72 | $ 88 | $ 63 | $ 54 | $ 47 | $ 25 | ||||||||||||||
Interest portion of annual rentals | 4 | 3 | 2 | 2 | 2 | 1 | ||||||||||||||
Preferred dividends of subsidiaries (1) | 2 | 2 | 2 | 2 | 2 | 1 | ||||||||||||||
Total fixed charges for purpose of ratio | $ 78 | $ 93 | $ 67 | $ 58 | $ 51 | $ 27 | ||||||||||||||
Earnings: | ||||||||||||||||||||
Pretax income from continuing operations | $ 396 | $ 377 | $ 383 | $ 361 | $ 391 | $ 212 | ||||||||||||||
Total fixed charges (from above) | 78 | 93 | 67 | 58 | 51 | 27 | ||||||||||||||
Total earnings for purpose of ratio | $ 474 | $ 470 | $ 450 | $ 419 | $ 442 | $ 239 | ||||||||||||||
Ratio of earnings to fixed charges | 6.08 | 5.05 | 6.72 | 7.22 | 8.67 | 8.85 | ||||||||||||||
(1) In computing this ratio, "Preferred dividends of subsidiaries" represents the before-tax earnings necessary to pay such dividends, | ||||||||||||||||||||
computed at the effective tax rates for the applicable periods. |