Form: 10-K

Annual report pursuant to Section 13 and 15(d)

February 23, 2017






Exhibit 12.1

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

 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
Income before income tax expense
$
75,491

 
$
70,307

 
$
84,710

 
$
67,723

 
$
70,279

Fixed charges interest expense
33,748

 
29,467

 
28,765

 
31,179

 
32,354

Capitalized interest
(2,965
)
 
(1,915
)
 
(1,535
)
 
(2,038
)
 
(3,401
)
Total
106,274

 
97,859

 
111,940

 
96,864

 
99,232

Fixed Charges:
 
 
 
 


 


 


Interest expensed & capitalized, & amortization of capitalized expense related to indebtedness
33,466

 
29,185

 
28,483

 
30,897

 
32,072

Estimated interest component of rent expense
$
282

 
$
282

 
$
282

 
$
282

 
$
282

Total
33,748

 
29,467


28,765

 
31,179

 
32,354

Ratio of earnings to fixed charges
3.15

 
3.32

 
3.89

 
3.11

 
3.07