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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
6th grade Avg
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- 10-K Annual report
- 10 Ex 10.06 Sdg&e-dwr Operating Agreement
- 10 Ex 10.07 Sdg&e-dwr Servicing Agreement
- 10 Ex 10.10 Sempra Energy Exec Incentive Plan
- 10 Ex 10.42 Sdg&e Nucl Fac Qualified Trust/amend 7
- 10 Ex 10.48 Sdg&e Nucl Fac Nonqual Trust/amend 5
- 12 Ex 12.1 Ratio of Earnings to Combined Fixed Charges
- 13 Ex 13.01 Sempra Energy 2003 Annual Report
- 21 Ex 21.01 Sempra Energy Significant Subsidiaries
- 31 Ex 31.1 Baum 302 Certification (Sempra Energy)
- 31 Ex 31.2 Schmale 302 Certification (Sempra Energy)
- 32 Ex 32.1 Baum 906 Certification (Sempra Energy)
- 32 Ex 32.2 Schmale 906 Certification (Sempra Energy)
- PDF Sempra Energy 2003 10-K PDF Copy
- 13 Ex 13.01 Sempra Energy 2003 Annual Report PDF Copy
EXHIBIT 12.1 | ||||||||||||||||||
SEMPRA ENERGY | ||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES | ||||||||||||||||||
AND PREFERRED STOCK DIVIDENDS | ||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||
1999 | 2000 | 2001 | 2002 | 2003 | ||||||||||||||
Fixed Charges and Preferred Stock Dividends: | ||||||||||||||||||
Interest | $ 233 | $ 308 | $ 358 | $ 350 | $ 351 | |||||||||||||
Interest portion of annual rentals | 10 | 8 | 6 | 6 | 5 | |||||||||||||
Preferred dividends of subsidiaries (1) | 16 | 18 | 16 | 15 | 11 | |||||||||||||
Combined fixed charges and preferred stock | ||||||||||||||||||
dividends for purpose of ratio | $ 259 | $ 334 | $ 380 | $ 371 | $ 367 | |||||||||||||
Earnings: | ||||||||||||||||||
Pretax income from continuing operations | $ 573 | $ 699 | $ 731 | $ 721 | $ 742 | |||||||||||||
Total fixed charges (from above) | 259 | 334 | 380 | 371 | 367 | |||||||||||||
Less: | ||||||||||||||||||
Interest capitalized | 1 | 3 | 11 | 29 | 26 | |||||||||||||
Equity in income (loss) of unconsolidated | ||||||||||||||||||
subsidiaries and joint ventures | -- | 62 | 12 | (55 | ) | 8 | ||||||||||||
Total earnings for purpose of ratio | $ 831 | $ 968 | $ 1,088 | $ 1,118 | $ 1,075 | |||||||||||||
Ratio of earnings to combined fixed charges | ||||||||||||||||||
and preferred stock dividends | 3.21 | 2.90 | 2.86 | 3.01 | 2.93 | |||||||||||||
(1) In computing this ratio, "Preferred dividends of subsidiaries" represents the before-tax earnings necessary to pay such dividends, | ||||||||||||||||||
computed at the effective tax rates for the applicable periods. |