EXHIBIT 12 SOUTHWEST GAS CORPORATION |
For the Twelve Months Ended | |||||||||||||||||||
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June 30, | December 31, | ||||||||||||||||||
2002 | 2001 | 2000 | 1999 | 1998 | 1997 | ||||||||||||||
1. Fixed charges: | |||||||||||||||||||
A) Interest expense | $ | 79,587 | $ | 80,139 | $ | 70,659 | $ | 63,110 | $ | 63,416 | $ | 63,247 | |||||||
B) Amortization | 2,074 | 1,886 | 1,564 | 1,366 | 1,243 | 1,164 | |||||||||||||
C) Interest portion of rentals | 9,313 | 9,346 | 8,572 | 8,217 | 7,531 | 6,973 | |||||||||||||
D) Preferred securities distributions | 5,475 | 5,475 | 5,475 | 5,475 | 5,475 | 5,475 | |||||||||||||
Total fixed charges | $ | 96,449 | $ | 96,846 | $ | 86,270 | $ | 78,168 | $ | 77,665 | $ | 76,859 | |||||||
2. Earnings (as defined): | |||||||||||||||||||
E) Pretax income from | |||||||||||||||||||
continuing operations | $ | 56,765 | $ | 56,741 | $ | 51,939 | $ | 60,955 | $ | 83,951 | $ | 21,328 | |||||||
Fixed Charges (1. above) | 96,449 | 96,846 | 86,270 | 78,168 | 77,665 | 76,859 | |||||||||||||
Total earnings as defined | $ | 153,214 | $ | 153,587 | $ | 138,209 | $ | 139,123 | $ | 161,616 | $ | 98,187 | |||||||
1.59 | 1.59 | 1.60 | 1.78 | 2.08 | 1.28 | ||||||||||||||