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EXHIBIT 12 SOUTHWEST GAS CORPORATION |
For the Twelve Months Ended | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar 31, | December 31, | |||||||||||||||||||
2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |||||||||||||||
1. Fixed charges: | ||||||||||||||||||||
A) Interest expense | $ | 80,608 | $ | 79,586 | $ | 80,139 | $ | 70,659 | $ | 63,110 | $ | 63,416 | ||||||||
B) Amortization | 2,386 | 2,278 | 1,886 | 1,564 | 1,366 | 1,243 | ||||||||||||||
C) Interest portion of rentals | 8,243 | 8,846 | 9,346 | 8,572 | 8,217 | 7,531 | ||||||||||||||
D) Preferred securities distributions | 5,475 | 5,475 | 5,475 | 5,475 | 5,475 | 5,475 | ||||||||||||||
Total fixed charges | $ | 96,712 | $ | 96,185 | $ | 96,846 | $ | 86,270 | $ | 78,168 | $ | 77,665 | ||||||||
2. Earnings (as defined): | ||||||||||||||||||||
E) Pretax income from | ||||||||||||||||||||
continuing operations | $ | 36,135 | $ | 65,382 | $ | 56,741 | $ | 51,939 | $ | 60,955 | $ | 83,951 | ||||||||
Fixed Charges (1. above) | 96,712 | 96,185 | 96,846 | 86,270 | 78,168 | 77,665 | ||||||||||||||
Total earnings as defined | $ | 132,847 | $ | 161,567 | $ | 153,587 | $ | 138,209 | $ | 139,123 | $ | 161,616 | ||||||||
1.37 | 1.68 | 1.59 | 1.60 | 1.78 | 2.08 | |||||||||||||||