EXHIBIT 12.1 SOUTHWEST GAS CORPORATION COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (Thousands of dollars) For the Twelve Months Ended ------------------------------------------------------------------ September 30, December 31, ---------------------------------------------------- Continuing operations 2001 2000 1999 1998 1997 1996 -------- -------- -------- -------- -------- -------- 1. Fixed charges: A) Interest expense ................. $ 79,622 $ 70,659 $ 63,110 $ 63,416 $ 63,247 $ 54,674 B) Amortization ..................... 1,800 1,564 1,366 1,243 1,164 1,494 C) Interest portion of rentals ...... 9,250 8,572 8,217 7,531 6,973 6,629 D) Preferred securities distributions 5,475 5,475 5,475 5,475 5,475 5,475 -------- -------- -------- -------- -------- -------- Total fixed charges ............... $ 96,147 $ 86,270 $ 78,168 $ 77,665 $ 76,859 $ 68,272 ======== ======== ======== ======== ======== ======== 2. Earnings (as defined): E) Pretax income from continuing operations ............. $ 63,458 $ 51,939 $ 60,955 $ 83,951 $ 21,328 $ 10,448 Fixed Charges (1. above) ............ 96,147 86,270 78,168 77,665 76,859 68,272 -------- -------- -------- -------- -------- -------- Total earnings as defined ......... $159,605 $138,209 $139,123 $161,616 $ 98,187 $ 78,720 ======== ======== ======== ======== ======== ======== 1.66 1.60 1.78 2.08 1.28 1.15 ======== ======== ======== ======== ======== ========
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10-Q Filing
Southwest Gas 10-Q2001 Q3 Quarterly report
Filed: 9 Nov 01, 12:00am