Exhibit 12.01
SOUTHWESTERN PUBLIC SERVICE CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
Six Months Ended | ||||||||||||||||||||||||
June 30, | Year Ended Dec. 31 | |||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Pretax income from operations | $ | 63,809 | $ | 168,598 | $ | 145,034 | $ | 126,933 | $ | 108,245 | $ | 52,769 | ||||||||||||
Add: Fixed charges | 52,774 | 103,760 | 100,901 | 100,518 | 114,684 | 74,525 | ||||||||||||||||||
Total earnings, as defined | $ | 116,583 | $ | 272,358 | $ | 245,935 | $ | 227,451 | $ | 222,929 | $ | 127,294 | ||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||
Interest charges | $ | 35,617 | $ | 69,074 | $ | 65,095 | $ | 63,912 | $ | 71,688 | $ | 61,090 | ||||||||||||
Interest component of leases | 17,157 | 34,686 | 35,806 | 36,606 | 42,996 | 13,435 | ||||||||||||||||||
Total fixed charges, as defined | $ | 52,774 | $ | 103,760 | $ | 100,901 | $ | 100,518 | $ | 114,684 | $ | 74,525 | ||||||||||||
Ratio of earnings to fixed charges | 2.2 | 2.6 | 2.4 | 2.3 | 1.9 | 1.7 |