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Content analysis
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H.S. freshman Avg
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- 10-Q Quarterly report
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 31.3 Exhibit 31.3
- 31.4 Exhibit 31.4
- 31.5 Exhibit 31.5
- 31.6 Exhibit 31.6
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
- 32.3 Exhibit 32.3
- 32.4 Exhibit 32.4
- 32.5 Exhibit 32.5
- 32.6 Exhibit 32.6
- PDF Form 10-Q PDF (Courtesy Copy)
EXHIBIT 12.3 |
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SOUTHERN CALIFORNIA GAS COMPANY |
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COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES |
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AND PREFERRED STOCK DIVIDENDS |
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(Dollars in millions) |
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| June 30, | |
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| 2008 |
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| 2009 |
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| 2010 |
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| 2011 |
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| 2012 |
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| 2013 | |
Fixed Charges: |
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Interest |
| $ | 65 |
| $ | 74 |
| $ | 72 |
| $ | 77 |
| $ | 77 |
| $ | 38 | |
Interest portion of annual rentals |
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| 2 |
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| 1 |
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| 2 |
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| 1 |
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| 1 |
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| 1 | |
Total fixed charges |
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| 67 |
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| 75 |
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| 74 |
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| 78 |
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| 78 |
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| 39 | |
Preferred stock dividends (1) |
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| 2 |
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| 2 |
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| 2 |
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| 2 |
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| 2 |
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| 1 | |
Combined fixed charges and preferred stock dividends for purpose of ratio |
| $ | 69 |
| $ | 77 |
| $ | 76 |
| $ | 80 |
| $ | 80 |
| $ | 40 | |
Earnings: |
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Pretax income from continuing operations |
| $ | 385 |
| $ | 418 |
| $ | 463 |
| $ | 431 |
| $ | 369 |
| $ | 234 | |
Add: Total fixed charges (from above) |
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| 67 |
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| 75 |
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| 74 |
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| 78 |
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| 78 |
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| 39 | |
Less: Interest capitalized |
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| - |
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| 1 |
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| 1 |
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| 1 |
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| 1 |
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| - | |
Total earnings for purpose of ratio |
| $ | 452 |
| $ | 492 |
| $ | 536 |
| $ | 508 |
| $ | 446 |
| $ | 273 | |
Ratio of earnings to combined fixed charges and preferred stock dividends |
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| 6.55 |
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| 6.39 |
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| 7.05 |
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| 6.35 |
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| 5.58 |
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| 6.83 | |
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Ratio of earnings to fixed charges |
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| 6.75 |
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| 6.56 |
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| 7.24 |
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| 6.51 |
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| 5.72 |
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| 7.00 | |
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(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. | ||||||||||||||||||
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