EX-12 3 lg-2013930xex12.htm EXHIBIT 12 LG-2013.9.30-EX12
Exhibit 12

THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES
 
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
Fiscal Year Ended September 30,
 
2013
 
2012
 
2011
 
2010
 
2009
(Thousands of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before interest charges and income taxes
$
98,938

 
$
113,875

 
$
118,424

 
$
107,986

 
$
126,517

Add: One third of applicable rentals charged to operating expense (which approximates the interest factor)
2,009

 
1,591

 
1,799

 
1,825

 
1,833

Total Earnings
$
100,947

 
$
115,466

 
$
120,223

 
$
109,811

 
$
128,350

 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
25,539

 
$
22,958

 
$
23,161

 
$
24,583

 
$
24,583

Other Interest
3,063

 
1,988

 
2,256

 
2,269

 
5,163

Add: One third of applicable rentals charged to operating expense (which approximates the interest factor)
2,009

 
1,591

 
1,799

 
1,825

 
1,833

Total Fixed Charges
$
30,611

 
$
26,537

 
$
27,216

 
$
28,677

 
$
31,579

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.30

 
4.35

 
4.42

 
3.83

 
4.06