EX-12.1 4 ogs10-k2015exhibit121.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit
Exhibit 12.1

ONE Gas, Inc
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
(Unaudited)
2015
 
2014
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
47,170

 
$
48,380

 
$
62,635

 
$
62,088

 
$
55,848

 
Interest on lease agreements
1,673

 
1,661

 
1,602

 
1,601

 
1,529

 
Total fixed charges
48,843

 
50,041

 
64,237

 
63,689

 
57,377

 
Earnings before income taxes
192,009

 
178,128

 
161,467

 
156,360

 
142,762

 
Earnings available for fixed charges
$
240,852

 
$
228,169

 
$
225,704

 
$
220,049

 
$
200,139

 
Ratio of earnings to fixed charges
4.93

x
4.56

x
3.51

x
3.46

x
3.49

x