EX-12.01 2 spsex120110k2017.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

SOUTHWESTERN PUBLIC SERVICES CO.
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)

 
Year Ended Dec. 31
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings, as defined:
 

 
 

 
 

 
 

 
 

Pretax income
$
227,629

 
$
234,271

 
$
202,288

 
$
205,054

 
$
148,938

Add: Fixed charges
93,784

 
112,793

 
109,073

 
105,946

 
104,534

Total earnings, as defined
$
321,413

 
$
347,064

 
$
311,361

 
$
311,000

 
$
253,472

Fixed charges, as defined:
 

 
 

 
 

 
 

 
 

Interest charges
$
86,233

 
$
88,671

 
$
84,040

 
$
80,218

 
$
77,866

Interest component of leases
7,551

 
24,122

 
25,033

 
25,728

 
26,668

Total fixed charges, as defined
$
93,784

 
$
112,793

 
$
109,073

 
$
105,946

 
$
104,534

Ratio of earnings to fixed charges
3.4

 
3.1

 
2.9

 
2.9

 
2.4