EX-12.2 8 mo20170930-ex122.htm EXHIBIT 12.2
Exhibit 12.2
SPIRE MISSOURI INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions) | Years Ended September 30,
| 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013
Earnings |  |  |  |  |  |  |  |  |
Income before income taxes | $ | 160.5 |  |  | $ | 151.3 |  |  | $ | 148.5 |  |  | $ | 125.6 |  |  | $ | 63.4 |
Add: Fixed Charges (from below) | 41.4 |  |  | 40.1 |  |  | 39.7 |  |  | 39.5 |  |  | 28.1 |
Total Earnings | $ | 201.9 |  |  | $ | 191.4 |  |  | $ | 188.2 |  |  | $ | 165.1 |  |  | $ | 91.5 |
Fixed Charges |  |  |  |  |  |  |  |  |
Interest on long-term debt | $ | 32.9 |  |  | $ | 32.9 |  |  | $ | 33.1 |  |  | $ | 34.4 |  |  | $ | 24.9 |
Other interest charges | 6.2 |  |  | 4.5 |  |  | 3.3 |  |  | 3.0 |  |  | 1.2 |
One third of applicable rentals charged to operating expense (which approximates the interest portion) | 1.8 |  |  | 2.5 |  |  | 3.3 |  |  | 2.1 |  |  | 2.0 |
Add back: Allowance for borrowed funds used during construction | 0.5 |  |  | 0.2 |  |  | — |  |  | — |  |  | — |
Total Fixed Charges | $ | 41.4 |  |  | $ | 40.1 |  |  | $ | 39.7 |  |  | $ | 39.5 |  |  | $ | 28.1 |
Ratio of Earnings to Fixed Charges | 4.88 |  |  | 4.77 |  |  | 4.74 |  |  | 4.18 |  |  | 3.26 |