- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
|
Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICE CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
|
| Year ended Dec. 31, |
| |||||||||||||
|
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| |||||
Earnings as defined: |
|
|
|
|
|
|
|
|
|
|
| |||||
Pretax income from continuing operations |
| $ | 55,596 |
| $ | 76,040 |
| $ | 100,178 |
| $ | 86,136 |
| $ | 133,634 |
|
Add: Fixed charges |
| 57,247 |
| 56,849 |
| 55,510 |
| 54,489 |
| 55,561 |
| |||||
Earnings as defined |
| $ | 112,843 |
| $ | 132,889 |
| $ | 155,688 |
| $ | 140,625 |
| $ | 189,195 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest charges |
| $ | 55,261 |
| $ | 55,739 |
| $ | 54,084 |
| $ | 53,528 |
| $ | 48,304 |
|
Interest component of operating leases |
| 1,986 |
| 1,110 |
| 1,426 |
| 961 |
| 1,085 |
| |||||
Distributions on redeemable preferred securities of subsidiary trust |
| — |
| — |
| — |
| — |
| 6,172 |
| |||||
Total fixed charges |
| $ | 57,247 |
| $ | 56,849 |
| $ | 55,510 |
| $ | 54,489 |
| $ | 55,561 |
|
Ratio of earnings to fixed charges |
| 2.0 |
| 2.3 |
| 2.8 |
| 2.6 |
| 3.4 |
|
1