EX-12.1 4 ogs10-k2014exhibit121.htm RATIO OF EARNINGS TO FIXED CHARGES OGS 10-K 2014 Exhibit 12.1
Exhibit 12.1

ONE Gas, Inc
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
(Unaudited)
2014
 
2013
 
2012
 
2011
 
2010
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
48,380

 
$
62,635

 
$
62,088

 
$
55,848

 
$
53,361

 
Interest on lease agreements
1,661

 
1,602

 
1,601

 
1,529

 
1,663

 
Total fixed charges
50,041

 
64,237

 
63,689

 
57,377

 
55,024

 
Earnings before income taxes
178,128

 
161,467

 
156,360

 
142,762

 
173,521

 
Earnings available for fixed charges
$
228,169

 
$
225,704

 
$
220,049

 
$
200,139

 
$
228,545

 
Ratio of earnings to fixed charges
4.56

x
3.51

x
3.46

x
3.49

x
4.15

x