EX-12 5 dex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 UGI UTILITIES INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Thousands of dollars)
Nine Nine Months Months Ended Ended June 30, June 30, Year Ended September 30, ----------------------------------------------------- 2001 2000 2000 1999 1998 1997 1996 --------- --------- --------- --------- --------- --------- --------- Earnings: Earnings before income taxes $ 78,188 $ 81,346 $ 82,882 $ 63,139 $ 57,007 $ 63,275 $ 61,717 Interest expense 14,333 13.598 18,135 17,317 17,383 16,696 15.921 Amortization of debt discount and expense 187 157 218 215 200 176 173 Interest component of rental expense 979 990 1,318 1,539 1,624 1,887 1,838 --------- --------- --------- --------- --------- --------- --------- $ 93,687 $ 96,091 $ 102,553 $ 82,210 $ 76,214 $ 82,034 $ 79,649 ========= ========= ========= ========= ========= ========= ========= Fixed Charges: Interest expense $ 14,333 $ 13,598 $ 18,135 $ 17,317 $ 17,383 $ 16,696 $ 15,921 Amortization of debt discount and expense 187 157 218 215 200 176 173 Allowance for funds used during construction (capitalized interest) 23 21 17 36 39 114 107 Interest component of rental expense 979 990 1,318 1,539 1,624 1,887 1,838 --------- --------- --------- --------- --------- --------- --------- $ 15,522 $ 14,766 $ 19,688 $ 19,107 $ 19,246 $ 18,873 $ 18,039 ========= ========= ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 6.04 6.51 5.21 4.30 3.96 4.35 4.42 ========= ========= ========= ========= ========= ========= =========