Exhibit 12.01
SOUTHWEST GAS CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Thousands of dollars)
000000000 | 000000000 | 000000000 | 000000000 | 000000000 | 000000000 | |||||||||||||||||||
For the Twelve Months Ended | ||||||||||||||||||||||||
Jun 30, 2011 | December 31, | |||||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
1. Fixed charges: | ||||||||||||||||||||||||
A) Interest expense | $ | 71,876 | $ | 75,481 | $ | 81,861 | $ | 90,403 | $ | 94,035 | $ | 92,878 | ||||||||||||
B) Amortization | 2,393 | 2,620 | 2,097 | 2,880 | 2,783 | 3,467 | ||||||||||||||||||
C) Interest portion of rentals | 7,191 | 6,455 | 6,644 | 7,802 | 7,952 | 6,412 | ||||||||||||||||||
Total fixed charges | $ | 81,460 | $ | 84,556 | $ | 90,602 | $ | 101,085 | $ | 104,770 | $ | 102,757 | ||||||||||||
2. Earnings (as defined): | ||||||||||||||||||||||||
D) Pretax income from continuing operations | $ | 170,244 | $ | 158,378 | $ | 132,035 | $ | 101,808 | $ | 131,024 | $ | 128,357 | ||||||||||||
Fixed Charges (1. above) | 81,460 | 84,556 | 90,602 | 101,085 | 104,770 | 102,757 | ||||||||||||||||||
Total earnings as defined | $ | 251,704 | $ | 242,934 | $ | 222,637 | $ | 202,893 | $ | 235,794 | $ | 231,114 | ||||||||||||
3.09 | 2.87 | 2.46 | 2.01 | 2.25 | 2.25 | |||||||||||||||||||