EX-12.1
Published on March 1, 2011
Exhibit 12.1
California Water Service Group
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)
| Year ended December 31, | ||||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Earnings: |
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Income before Income Tax Expense |
$ | 62,211 | $ | 67,916 | $ | 63,936 | $ | 51,882 | $ | 42,419 | $ | 47,229 | ||||||||||||
Fixed Charges Interest Expense |
27,936 | 24,394 | 20,591 | 19,719 | 19,669 | 18,600 | ||||||||||||||||||
Capitalized Interest |
(1,563 | ) | (3,081 | ) | (3,411 | ) | (2,585 | ) | (2,700 | ) | (900 | ) | ||||||||||||
Total |
$ | 88,584 | $ | 89,229 | $ | 81,116 | $ | 69,016 | $ | 59,388 | $ | 64,929 | ||||||||||||
Fixed Charges: |
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Interest Expensed &Capitalized, & amortization of capitalized expense related to indebtedness |
$ | 27,936 | $ | 24,394 | $ | 20,591 | $ | 19,719 | $ | 19,669 | $ | 18,600 | ||||||||||||
Estimated Interest Component of Rent Expense |
338 | 329 | 237 | 221 | 208 | 180 | ||||||||||||||||||
Total |
$ | 28,274 | $ | 24,723 | $ | 20,828 | $ | 19,940 | $ | 19,877 | $ | 18,780 | ||||||||||||
Ratio of Earnings to Fixed Charges |
3.13 | 3.61 | 3.89 | 3.46 | 2.99 | 3.46 | ||||||||||||||||||