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EXHIBIT 12.1 SOUTHWEST GAS CORPORATION |
For the Twelve Months Ended | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
June 30, | December 31, | |||||||||||||||||||
2005 | 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||
1. Fixed charges: | ||||||||||||||||||||
A) Interest expense | $ | 86,544 | $ | 84,138 | $ | 78,724 | $ | 79,586 | $ | 80,139 | $ | 70,659 | ||||||||
B) Amortization | 3,491 | 3,059 | 2,752 | 2,278 | 1,886 | 1,564 | ||||||||||||||
C) Interest portion of rentals | 6,396 | 6,779 | 6,665 | 8,846 | 9,346 | 8,572 | ||||||||||||||
D) Preferred securities distributions | -- | -- | 4,015 | 5,475 | 5,475 | 5,475 | ||||||||||||||
Total fixed charges | $ | 96,431 | $ | 93,976 | $ | 92,156 | $ | 96,185 | $ | 96,846 | $ | 86,270 | ||||||||
2. Earnings (as defined): | ||||||||||||||||||||
E) Pretax income from | ||||||||||||||||||||
continuing operations | $ | 82,785 | $ | 87,012 | $ | 55,384 | $ | 65,382 | $ | 56,741 | $ | 51,939 | ||||||||
Fixed Charges (1. above) | 96,431 | 93,976 | 92,156 | 96,185 | 96,846 | 86,270 | ||||||||||||||
Total earnings as defined | $ | 179,216 | $ | 180,988 | $ | 147,540 | $ | 161,567 | $ | 153,587 | $ | 138,209 | ||||||||
1.86 | 1.93 | 1.60 | 1.68 | 1.59 | 1.60 | |||||||||||||||