EX-12.1
Published on April 8, 2009
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, | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Earnings(1): |
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Income before income tax expense |
63,936 | 51,882 | 42,419 | 47,229 | 43,111 | |||||||||||||||
Fixed charges expensed and capitalized |
20,591 | 19,719 | 19,669 | 18,600 | 18,664 | |||||||||||||||
Capitalized interest |
(3,411 | ) | (2,585 | ) | (2,700 | ) | (900 | ) | (824 | ) | ||||||||||
81,116 | 69,016 | 59,388 | 64,929 | 60,951 | ||||||||||||||||
Fixed Charges: |
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Interest expensed and capitalized, and
amortization of capitalized expense
related to indebtedness |
20,591 | 19,719 | 19,669 | 18,600 | 18,664 | |||||||||||||||
Estimated interest component of rent
expense |
237 | 221 | 208 | 180 | 205 | |||||||||||||||
20,828 | 19,940 | 19,877 | 18,780 | 18,869 | ||||||||||||||||
Ratio of earnings to fixed charges |
3.89 | 3.46 | 2.99 | 3.46 | 3.23 |
(1) | As defined by Item 503(d) of Regulation S-K |