Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICES CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Six Months Ended June 30, 2017 | | Year Ended Dec. 31 |
| | 2016 | | 2015 | | 2014 | | 2013 | | 2012 |
Earnings, as defined: | | | |
| | |
| | |
| | |
| | |
|
Pretax income from operations | $ | 94,858 |
| | $ | 234,271 |
| | $ | 202,288 |
| | $ | 205,054 |
| | $ | 148,938 |
| | $ | 168,598 |
|
Add: Fixed charges | 56,425 |
| | 112,793 |
| | 109,073 |
| | 105,946 |
| | 104,534 |
| | 103,760 |
|
Total earnings, as defined | $ | 151,283 |
| | $ | 347,064 |
| | $ | 311,361 |
| | $ | 311,000 |
| | $ | 253,472 |
| | $ | 272,358 |
|
Fixed charges, as defined: | | | |
| | |
| | |
| | |
| | |
|
Interest charges | $ | 44,684 |
| | $ | 88,671 |
| | $ | 84,040 |
| | $ | 80,218 |
| | $ | 77,866 |
| | $ | 69,074 |
|
Interest component of leases | 11,741 |
| | 24,122 |
| | 25,033 |
| | 25,728 |
| | 26,668 |
| | 34,686 |
|
Total fixed charges, as defined | $ | 56,425 |
| | $ | 112,793 |
| | $ | 109,073 |
| | $ | 105,946 |
| | $ | 104,534 |
| | $ | 103,760 |
|
Ratio of earnings to fixed charges | 2.7 |
| | 3.1 |
| | 2.9 |
| | 2.9 |
| | 2.4 |
| | 2.6 |
|