California Water Service Group
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)
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Year ended December 31, | |||||||||||||||
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2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||
Earnings: |
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Income before Income Tax Expense |
$ | 60,878 | $ | 62,211 | $ | 67,916 | $ | 63,936 | $ | 51,882 | ||||||
Fixed Charges Interest Expense |
32,455 | 27,936 | 24,394 | 20,591 | 19,719 | |||||||||||
Capitalized Interest |
(2,741 | ) | (1,563 | ) | (3,081 | ) | (3,411 | ) | (2,585 | ) | ||||||
Total |
$ | 90,592 | $ | 88,584 | $ | 89,229 | $ | 81,116 | $ | 69,016 | ||||||
Fixed Charges: |
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Interest Expensed &Capitalized, & amortization of capitalized expense related to indebtedness |
$ | 32,455 | $ | 27,936 | $ | 24,394 | $ | 20,591 | $ | 19,719 | ||||||
Estimated Interest Component of Rent Expense |
474 | 338 | 329 | 237 | 221 | |||||||||||
Total |
$ | 32,929 | $ | 28,274 | $ | 24,723 | $ | 20,828 | $ | 19,940 | ||||||
Ratio of Earnings to Fixed Charges |
2.75 | 3.13 | 3.61 | 3.89 | 3.46 | |||||||||||