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Mdu Resources Group Inc – ‘10-K’ for 12/31/05 – EX-12

On:  Wednesday, 2/22/06, at 1:40pm ET   ·   For:  12/31/05   ·   Accession #:  67716-6-58   ·   File #:  1-03480

Previous ‘10-K’:  ‘10-K’ on 2/23/05 for 12/31/04   ·   Next:  ‘10-K’ on 2/21/07 for 12/31/06   ·   Latest:  ‘10-K’ on 2/22/24 for 12/31/23

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  As Of                Filer                Filing    For·On·As Docs:Size

 2/22/06  Mdu Resources Group Inc           10-K       12/31/05   14:4.7M

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Mdu Resources Group, Inc. 2005 10-K                 HTML   2.19M 
 2: EX-10.AE    Mdu Resources 1997 Executive Long-Term Incentive    HTML     92K 
                          Plan                                                   
 3: EX-10.AF    Mdu Resources Executive Incentive Compensation      HTML     30K 
                          Plan                                                   
 4: EX-10.AG    Montana-Dakota Executive Incentive Compensation     HTML     29K 
                          Plan                                                   
 5: EX-10.AH    Retirement Agreement for Warren L. Robinson         HTML     41K 
 6: EX-10.AI    Steven L. Bietz Change of Control Employment        HTML     82K 
                          Agreement                                              
 7: EX-10.AJ    Nicole A. Kivisto Change of Control Employement     HTML     82K 
                          Agreement                                              
 8: EX-10.AK    Doran N. Schwartz Change of Control Employement     HTML     82K 
                          Agreement                                              
 9: EX-12       Mdu Resources Ratio of Earnings to Charges &        HTML     53K 
                          Dividends                                              
10: EX-21       Subsidiaries of Mdu Resources Group, Inc.           HTML     33K 
11: EX-23       Consent of Independent Registered Public            HTML     11K 
                          Accounting Firm                                        
12: EX-31.A     CEO Certification to Section 302                    HTML     15K 
13: EX-31.B     CFO Certification to Section 302                    HTML     16K 
14: EX-32       CEO & CFO Certification to Section 906              HTML     13K

EX-12   —   Mdu Resources Ratio of Earnings to Charges & Dividends

This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

  MDU Resources Ratio of Earnings to Charges & Dividends  

MDU RESOURCES GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

   
Years Ended December 31,
  
   
2005
  
2004
  
2003
  
2002
  
2001
  
   
(In thousands of dollars)
  
                       
Earnings Available for Fixed Charges:
                      
                       
Net Income (a)
  
$
260,697
  
$
184,805
  
$
170,956
  
$
148,444
  
$
155,849
  
                                 
Income Taxes (b)
    
145,779
    
93,974
    
93,751
    
86,230
    
98,341
  
                                 
     
406,476
    
278,779
    
264,707
    
234,674
    
254,190
  
                                 
Rents (c)
    
11,335
    
10,194
    
9,073
    
8,156
    
6,561
  
                                 
Interest (d)
    
56,807
    
59,101
    
54,354
    
51,393
    
51,201
  
                                 
Total Earnings Available for Fixed Charges
  
$
474,618
  
$
348,074
  
$
328,134
  
$
294,223
  
$
311,952
  
                                 
Preferred Dividend Requirements
  
$
685
  
$
685
  
$
717
  
$
756
  
$
762
  
                                 
Ratio of Income Before Income Taxes to Net Income
    
153
%
  
145
%
  
153
%
  
158
%
  
163
%
                                 
Preferred Dividend Factor on Pretax Basis
    
1,048
    
993
    
1,097
    
1,194
    
1,242
  
                                 
Fixed Charges (e)
    
76,814
    
72,877
    
68,141
    
59,549
    
57,762
  
                                 
Combined Fixed Charges and Preferred Stock
Dividends
  
$
77,862
  
$
73,870
  
$
69,238
  
$
60,743
  
$
59,004
  
                                 
Ratio of Earnings to Fixed Charges
    
6.2x
    
4.8x
    
4.8x
    
4.9x
    
5.4x
  
                                 
Ratio of Earnings Fixed Charges and Preferred
Stock Dividends
    
6.1x
    
4.7x
    
4.7x
    
4.8x
    
5.3x
  
 
(a)  
Net income excludes undistributed income for equity investees.
 
(b)  
Includes income tax benefits of $4,821 associated with the cumulative effect of accounting change for the twelve months ended December 31, 2003.
 
(c)  
Represents interest portion of rents estimated at 33 1/3%.

(d)  
Represents interest, amortization of debt discount and expense on all indebtedness and amortization of interest capitalized, and excludes amortization of gains or losses on reacquired debt (which, under the Federal Energy Regulatory Commission Uniform System of Accounts, is classified as a reduction of, or increase in, interest expense in the Consolidated Statements of Income) and interest capitalized.

(e)  
Represents rents (as defined above), interest, amortization of debt discount and expense on all indebtedness, and excludes amortization of gains or losses on reacquired debt (which, under the Federal Energy Regulatory Commission Uniform System of Accounts, is classified as a reduction of, or increase in, interest expense in the Consolidated Statements of Income).

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/22/064
For Period End:12/31/0511-K,  5
12/31/0310-K,  11-K,  4,  4/A,  5,  8-K
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Filing Submission 0000067716-06-000058   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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