EXHIBIT 12.2 | ||||||||||
SOUTHERN CALIFORNIA GAS COMPANY | ||||||||||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES | ||||||||||
AND PREFERRED STOCK DIVIDENDS | ||||||||||
(Dollars in millions) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| 2006 |
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
| $ 47 |
| $ 48 |
| $ 40 |
| $ 50 |
| $ 72 |
|
|
|
|
|
|
|
|
|
|
|
Interest portion of annual rentals |
| 2 |
| 2 |
| 2 |
| 3 |
| 4 |
|
|
|
|
|
|
|
|
|
|
|
Total fixed charges |
| 49 |
| 50 |
| 42 |
| 53 |
| 76 |
|
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends (1) |
| 2 |
| 2 |
| 2 |
| 2 |
| 2 |
|
|
|
|
|
|
|
|
|
|
|
Combined fixed charges and preferred stock |
|
|
|
|
|
|
|
|
|
|
dividends for purpose of ratio |
| $ 51 |
| $ 52 |
| $ 44 |
| $ 55 |
| $ 78 |
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax income from continuing operations |
| 391 |
| 360 |
| 387 |
| 309 |
| 397 |
|
|
|
|
|
|
|
|
|
|
|
Add: total fixed charges (from above) |
| 49 |
| 50 |
| 42 |
| 53 |
| 76 |
|
|
|
|
|
|
|
|
|
|
|
Less: interest capitalized |
| - |
| - |
| - |
| - |
| 1 |
|
|
|
|
|
|
|
|
|
|
|
Total earnings for purpose of ratio |
| $ 440 |
| $ 410 |
| $ 429 |
| $ 362 |
| $ 472 |
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to combined fixed charges |
|
|
|
|
|
|
|
|
|
|
and preferred stock dividends |
| 8.63 |
| 7.88 |
| 9.75 |
| 6.58 |
| 6.05 |
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
| 8.98 |
| 8.20 |
| 10.21 |
| 6.83 |
| 6.21 |
|
|
|
|
|
|
|
|
|
|
|
(1) In computing this ratio, “Preferred stock dividends” represents the before-tax earnings necessary to pay such dividends, |
|
| ||||||||
computed at the effective tax rates for the applicable periods. |
|
|
|
|
- SOCGM Dashboard
- Financials
- Filings
- Transcripts
- News
-
10-K Filing
Southern California Gas Company PFD 6% (SOCGM) 10-K2006 FY Annual report
Filed: 23 Feb 07, 12:00am