Form: 10-K

Annual report pursuant to Section 13 and 15(d)

February 25, 2016






Exhibit 12.1

California Water Service Group
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)

 
Years Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
Income before income tax expense
$
70,307

 
$
84,710

 
$
67,723

 
$
70,279

 
$
60,878

Fixed charges interest expense
29,467

 
28,765

 
31,179

 
32,354

 
32,455

Capitalized interest
(1,915
)
 
(1,535
)
 
(2,038
)
 
(3,401
)
 
(2,741
)
Total
97,859

 
111,940

 
96,864

 
99,232

 
90,592

Fixed Charges:
 
 
 
 


 


 


Interest expensed & capitalized, & amortization of capitalized expense related to indebtedness
29,185

 
28,483

 
30,897

 
32,072

 
32,455

Estimated interest component of rent expense
$
282

 
$
282

 
$
282

 
$
282

 
$
474

Total
29,467

 
28,765


31,179

 
32,354

 
32,929

Ratio of earnings to fixed charges
3.32

 
3.89

 
3.11

 
3.07

 
2.75