EX-12.1 5 pacificorp2018forms-3ex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)

 
 
Six-Month
 
 
 
 
 
 
 
 
 
 
 
 
Period Ended
 
Years Ended December 31,
 
 
June 30, 2018
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
before income tax expense
 
$
384

 
$
1,128

 
$
1,103

 
$
1,023

 
$
1,007

 
$
979

Fixed charges
 
194

 
386

 
385

 
384

 
384

 
385

Total earnings available for fixed charges
 
$
578

 
$
1,514

 
$
1,488

 
$
1,407

 
$
1,391

 
$
1,364

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
192

 
$
381

 
$
380

 
$
379

 
$
379

 
$
379

Estimated interest portion of rentals
 
 
 
 
 
 
 
 
 
 
 
 
charged to expense
 
2

 
5

 
5

 
5

 
5

 
6

Total fixed charges
 
$
194

 
$
386

 
$
385

 
$
384

 
$
384

 
$
385

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.0x

 
3.9x

 
3.9x

 
3.7x

 
3.6x

 
 3.5x